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trading at 85.94 Yen, up from New York’s late trade of 84.72 Yen, when it had lost 2.2% and traded at the lowest point in more than a month. Markets are pricing in an intervention from the Bank of Japan given the Yen’s rise.

According to one strategist in Japan, the Reserve Bank’s Monetary Policy Statement, issued earlier in the trading day, was more hawkish than the market had been expecting, helping to boost risk appetite. In the statement, the Australian central bank left their economic growth estimate unchanged from the February forecast at 4.25% for the remainder of the year.online bingo
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