Asia stocks hit 11-month low amid yen spike

Asian stocks fell to a 11-month low on Wednesday after another piece of resilient US economic data sent Treasury yields to fresh highs, while a sharp rise in the yen had traders speculating that Japanese authorities stepped into the market. The yen breached the 150-per-dollar level before suddenly shooting to 147.3. There was no confirmation […]

This post was originally published on Michael West.