Japanese Yen Rallies to 4-month High on BoJ Policy Tweak, Asia FX Slips0

• Market
• December 20, 2022

Most Asian currencies fell slightly on Tuesday as fears of a potential recession persisted, while the Japanese yen rallied past its peers after the Bank of Japan tweaked its ultra-dovish policy, drumming up hopes for an eventual pivot. The yen jumped 2.7% to 133.14 – its strongest level against the dollar in four months. The