(Bloomberg) — Stocks struggled after rally driven by the Bank of Japan’s reassurance in the wake of historic market volatility, with Treasuries falling amid a weak $42 billion sale of 10-year bonds. Most Read from Bloomberg Following a surge of almost 2% earlier in the session, the S&P 500 was little changed. Bonds also came
By Summer Zhen HONG KONG (Reuters) – Global hedge funds made a massive retreat from their bearish bets on the Japanese yen during the currency’s strong rise against the U.S. dollar over the last two weeks, a UBS note to clients seen by Reuters on Tuesday said. Hedge funds covered nearly all the short yen
The yen has been on a downtrend despite the BOJ’s decision on March 19 to end eight years of negative interest rates. Natanael Ginting | Istock | Getty Images Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines. “We will watch currency market developments