Latest news with #Fed rate cut
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Yen Strengthens on Prospects of Narrower Japan-U. S. Rate Differential
0043 GMT — The yen strengthens against other G-10 and Asian currencies in the early Asian session. Given prospects that the Fed may cut rates in September and later in the year, this might lead to a narrower Japan-U. S. rate differential in favor of Japan's currency, market observers say. The yen could recoup more of July's losses, DBS Group Research's Philip Wee says in a recent commentary. This may happen if Fed rate-cut expectations overshadow the market's focus on delayed BOJ hikes and scale back more of the recent upward momentum in JGB yields, the senior FX strategist adds. USD/JPY falls 0.4% to 146.79 and AUD/JPY drops 0.3% to 96.20, FactSet data show. (
Bloomberg
03-08-2025
- Business
- Bloomberg
Asian Stocks Seen Lower as Traders Pare Back Risk: Markets Wrap
Asian stocks are poised to slip Monday after soft US jobs data dragged Wall Street lower and fueled bets on a Fed rate cut next month, sending Treasuries surging. Oil retreated as OPEC+ wrapped up a run of major output hikes. Contracts for equity index futures in Japan, Australia and Hong Kong all pointed to losses early Monday, with Tokyo contracts down more than 2%. The moves signal that Friday's sharp retreat from risk assets — driven by rising US unemployment and slower job creation — is rippling across global markets.
