Asian Markets React to PBOC Yuan Strengthening and Japan’s Bond Yield Surge
· thestockmarketwatch.com
The People’s Bank of China (PBOC) significantly strengthened the yuan’s reference rate on Wednesday, setting the daily midpoint at 6.7628 per U.S. dollar.
Key Takeaways
China’s PBOC set the yuan’s daily midpoint at 6.7628 , its strongest level since February 2023, signaling a clear policy stance to stabilize ...