Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets0

• Economy
• January 19, 2023

Most Asian currencies retreated on Thursday as weak U.S. economic data pushed up fears of a potential recession, while the Japanese yen recouped most of its recent losses on speculation that the Bank of Japan may yet increase its yield control range. The yen was the best-performing Asian currency for the day, rising 0.5% to