WS #11574
Yen weakened past 162 per dollar, with hedge funds turning most bearish since 2007, as Japan holds off intervention. PBOC Governor Pan increased Southbound Bond Connect quota to 800 billion yuan and pledged more forex reserve allocation to Hong Kong, boosting Hong Kong markets. Fed Governor Waller says inflation has replaced employment as primary risk, shifting focus to July CPI and raising rate hike probability.
Yen Weakness
Yen weakened past 162 per dollar, with hedge funds turning most bearish since 2007, as Japan holds off intervention.
PBOC Governor Pan increased Southbound Bond Connect quota to 800 billion yuan and pledged more forex reserve allocation to Hong Kong, boosting Hong Kong markets.
Fed Governor Waller says inflation has replaced employment as primary risk, shifting focus to July CPI and raising rate hike probability.