Asian FX Sees Mixed Moves as Yen Lingers Near 160 and Oil Spike Stokes Risk Aversion
Asian currencies traded unevenly as the Japanese yen hovered close to the psychologically sensitive 160-per-dollar mark while oil climbed after fresh U.S.-Iran hostilities. A firmer U.S. dollar, driven by hawkish Fed commentary and higher U.S. Treasury yields, reinforced a risk-off environment that weighed on regional FX and equity sentiment. Polic…