Asian stocks fell, and the yen fluctuated ahead of the Bank of Japan's ruling.

The broadest index of Asia -Pacific stocks outside Japan, the MSCI, fell 0.48%, and Japan's Nikkei N225 index declined 0.25%. Chinese stocks also fell, with blue-chip CSI300 stocks dropping 0.3%, while Hong Kong's Hang Seng index declined 0.79%.

Meanwhile, the Japanese yen weakened in early trading ahead of today's Bank of Japan policy meeting, which is likely to keep interest rates extremely low. The Japanese yen is currently trading at 157.1 per US dollar.

Illustrative image - KT

The yen's plunge to a 34-year low of 160.245 yen per dollar in late April triggered multiple interventions by the Japanese government totaling 9.79 trillion yen (approximately $62.25 billion). The yen, which is highly sensitive to U.S. Treasury yields, has fallen more than 10% against the dollar this year.

The US dollar is fluctuating near its highest level in a month thanks to the Federal Reserve's hawkish policies this week, while political instability in Europe has put pressure on the euro.

Source: https://vov.vn/kinh-te/chung-khoan-chau-a-truot-doc-dong-yen-chao-dao-truc-phan-quyet-cua-boj-post1101462.vov