Asian currencies decline as Indonesia widens export ban, BOJ maintains dovish stance

Indonesian rupiah. - Image from Jakarta Post/ANN

BENGALURU: The Indonesian rupiah was part of a broad decline in Asian currencies led by the Japanese yen on Thursday after Jakarta's surprise decision to widen the scope of a new palm oil export ban to include crude and refined palm oil.

The rupiah slipped 0.3%, falling to its weakest level in nine months, while Indonesian 10-year benchmark bond yields fell by 0.6 basis points.