Asia FX mixed as yen steadies amid JGB rout; won rebounds, rupee hits record low

The Asian FX market is experiencing mixed results, with the yen stabilizing, the won rebounding, and the Indian rupee hitting a record low. Japanese Government Bonds (JGB) have shown volatility, especially with the rising yields on 10-year bonds. This has led to some selling pressure on the yen, but it remains steady as regional influences come into play. The yen is viewed as a safe haven, though domestic and international economic indicators may impact its movement. Meanwhile, the won is recovering on expectations of improved Korean exports, while the Indian rupee continues to face significant pressure due to long-term economic issues. These movements reflect the relative strength of each currency, particularly with the yen possibly exerting strong market influence. Investors are keenly watching the Bank of Japan's new interest rate policies and upcoming economic data.