Morning bid: Risk asset resilience, Indonesia's rate call [Yahoo! Finance]
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Source: Yahoo! Finance
Investors continue to breathe life back into risky assets, paving the way for a positive market open in Asia on Wednesday as attention in the region turns to the latest interest rate decision and guidance from Indonesia. Trade figures from Thailand and New Zealand, service sector producer inflation data from Japan and consumer price inflation from Australia are the other main highlights from a packed calendar on Wednesday. Yen-buying intervention from Japanese authorities still hasn't materialized, and with the Bank of Japan opening its two-day policy meeting on Thursday, it may be that Tokyo stays out of the currency market at least until next week. That is by no means certain, and the closer the dollar gets towards 155.00 yen, the more vigilant traders will be. China's yuan, meanwhile, continues to weaken too. It slid to a new five-month low against the dollar in spot trading on Tuesday and the central bank set its official guidance rate at a seven-week low also. Indonesi
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