The trading on Asian stock exchanges is taking place at the background of the Bank of Japan’s decision to leave the interest rate at a negative level of -0.1. Tokyo is up by 0.7%, Hong Kong rising by 0.4%, Shanghai is down by 0.3%. Singapore is up by 0.2%, Seoul is trading unchanged and Sydney is up by 0.2%.
The Bank of Japan has announced that it will leave the interest rate unchanged at 0.1, and will continue its stimulus policy, two days after the Federal Reserve announced it wants to start reducing its balance sheet in 2017.
The Bank of Japan said that inflation in the country is still below the bank’s target.
Following the bank’s decision, the Japanese yen fell by 0.2% to 111.22 yen per US dollar.
The US dollar traded steady against the major currencies, with the Euro falling to $ 1.1143 and the pound rising by 0.1% to $ 1.2773.
The fall in oil prices stopped.
WTI crude was trading at $ 44.5 per barrel and the Brent oil was trading at $ 46.9 a barrel.
The trading on Wall Street stock markets closed with a slight decline yesterday led by high-tech stocks.
The US dollar and US government bonds are rising, and investors seem to be still trying to digest the Federal Reserve’s interest rate hikes.