Mumbai, Nov. 28 -- The Japanese yen hovered around 156.3 per dollar, steady for the week, supported by stronger-than-expected economic data. October industrial production and retail sales rose 2-3 times, while core inflation also surprised on the upside. Speculation of a Bank of Japan rate hike kept sentiment firm, even as the yen faces a monthly decline of over 1%. Japan's government approved a 21-trillion-yen stimulus package to tackle rising prices, boost growth, and strengthen defense, marking its first major policy move under Prime Minister Sanae Takaichi.

Published by HT Digital Content Services with permission from Capital Market....