Yen

The BOJ cut its core consumer inflation forecast but said risks were skewed to the upside for that year, causing the yen to rise, said Andrea Cicione, head of strategy at GlobalData.TSLombard

Yen hovered close to a three-month low against the dollar, weighed down by political instability after a drubbing for Japan's ruling coalition in parliamentary elections last weekend

The yen has fallen more than 6 per cent in October and is on track for what would be its biggest monthly loss against the greenback since November 2016

Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major US data releases

Asian shares rose on Monday as the yen dipped in the midst of political uncertainty after Japan's ruling party lost its majority in Parliament's lower house in weekend elections. In currency trading, the US dollar rose to 153.76 Japanese yen from 152.24 yen. It was trading at 140-yen levels last month. The euro cost USD 1.0796, down form USD 1.0803. The weak yen is a boon for Japan's giant exporters like Toyota Motor Corp., whose stock gained 3.7 per cent in Tokyo trading. Nintendo Co. gained 2.6 per cent, while Sony Corp. rose nearly 2.0 per cent. Japan's ruling Liberal Democratic Party is still the top party, but several members failed to win reelection in Sunday's vote after a scandal involving unreported campaign funding. All told, the ruling coalition with junior partner Komeito secured 215 seats, down sharply from the majority of 279 it previously held, according to Japanese media. A change of government is not expected but the LDP may need a third coalition partner. Tokyo .

On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade

Earlier in Asian trade, the yen had eased further to a low of 142.95, but was last flat at 142.40 per dollar, perhaps helped a little by hawkish comments from a senior Bank of Japan official

Asian stocks fell Monday after another rout hit Wall Street on Friday, as a highly anticipated update on the US job market came in weak enough to add to worries about the economy. The Nikkei 225 index was hovering around its lowest level in almost a month during morning trading, and it slipped 0.5 per cent to close at 36,215.75. Japan's gross domestic product grew by an annualised 2.9 per cent in the second quarter, according to revised data from the Cabinet Office released on Monday. This was below expectations. Any broader risk aversion may have an amplified effect on Japanese equities, with safe-haven flows potentially supporting the yen, which is looked upon as negative for the country's exporters, Yeap Jun Rong, market strategist at IG, said in a commentary. The US dollar was trading at less than 143 Japanese yen in Monday trading. Stocks in Chinese markets also racked up losses after worse-than-expected inflation data disappointed investors. Data from the National Bureau of

Despite Midcap fund outflows, Japan's overall inflows into India remain positive, primarily driven by investments in Large Cap funds.

The remarks came hours after BOJ Governor Kazuo Ueda told parliament that while the BOJ will keep an eye out on the fallout from unstable markets

Bouts of Japanese interventions and the interest rate hike in July tripped up investors who unwound the popular carry trade, in which traders borrowed yen to finance high-yielding assets

The minutes of the Fed's July meeting, due on Wednesday, and Powell's speech on Friday are likely to be the main currency drivers in a week that will also see inflation data from Canada and Japan

Mainland Chinese blue chips added 0.4%, although Hong Kong's Hang Seng slipped 0.3%

Japan's Nikkei rose more than 2 per cent in early trading after Monday, a welcome relief after last week's volatility that began with a massive sell-off spurred by rising yen and fears of US recession

The respite follows a tumultuous week that began with a massive selloff across currencies and stock markets

Sebi's proposed changes will significantly impact discount brokers, whose business relies heavily on retail F&O trades, Vora said in this interview

The yen's slide follows a sharp drop the day before in a volatile week in which investors have had to digest the unwinding of popular carry trades and how Japanese monetary policy might evolve

Elsewhere, Taiwan's tech-heavy stock benchmark sagged 2% and Hong Kong's Hang Seng lost 1%

The company maintained its full-year operating profit forecast of 1.42 trillion yen, while slashing its sales outlook for China by 220,000 vehicles for that period

The yen touched a seven-month high of 141.675 per dollar on Monday, well above the 38-year lows of 161.96 it was languishing in just at the start of July