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Yen Spike Sinks Nikkei 225 Futures on BOJ Day; Oil Extends Slump
The yen jumped, weighing on Tokyo equity-index futures, amid jittery trade ahead of Friday’s much-anticipated policy review from the Bank of Japan. Oil was on track for its third weekly decline in a month. Futures on Japan’s Nikkei 225 Stock Average slipped 0.2 percent in Chicago as the yen spiked up as much as 1.8 percent in early trading, amid the countdown to the BOJ. New Zealand’s dollar also rallied, while U.S. crude extended losses into a seventh straight day, trading around a three-month low amid concern over rising supplies of the commodity. Futures on stock indexes in Australia signaled gains, while ... (full story)