Yen and Aussie Soften in the Wake of Yuan’s Decline

<p><img width="612" height="344" src="https://www.actionforex.com/wp-content/uploads/2022/10/f-jpy180.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/uploads/2022/10/f-jpy180.jpg 612w, https://www.actionforex.com/wp-content/uploads/2022/10/f-jpy180-600×337.jpg 600w, https://www.actionforex.com/wp-content/uploads/2022/10/f-jpy180-150×84.jpg 150w, https://www.actionforex.com/wp-content/uploads/2022/10/f-jpy180-300×169.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Chinese Yuan&#8217;s significant selloff in Asian session today had a ripple effect across several major currencies, dragging down Japanese Yen, Australian Dollar, and New Zealand Dollar. This movement was largely spurred by concerning data from China indicating deepening deflation, which also negatively impacted Hong Kong&#8217;s stock market. Yuan&#8217;s future trajectory now hinges critically on a [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/action-insight/market-overview/531121-yen-and-aussie-soften-in-the-wake-of-yuans-decline/">Yen and Aussie Soften in the Wake of Yuan&#8217;s Decline</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>