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Asia stocks rise as Fed tamps down hike fears; yen leaps

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Asian stocks and U.S. futures rose on Thursday after the Federal Reserve downplayed risks of an interest rate hike, while the yen was bumpy after another burst of suspected intervention from Japan.

A huge electric stock quotation board is seen inside a building in Tokyo, Japan, December 30, 2022. REUTERS/Issei Kato/File PhotoSINGAPORE, May 2 -

"There are paths to not cutting and there are paths to cutting. It's really going to depend on the data," he said, which traders interpreted as all but ruling out a rate hike. The dollar was last up about 0.8% to 155.80 yen, the euro was up 0.9% at 167.00 yen and the Aussie was trading near 102 yen . Tokyo money market data indicated Japanese authorities may have spent nearly $35 billion buying the yen on Monday, not long after it had touched 160 per dollar, lows last visited over three decades ago.

Source: News Formal (newsformal.com)

MTPIX REP BASMTL CEN COM CPPR CRU DBT DRV ECO ENR FRX GOL GVD INT MCE METL NEWS1 NRG PREMTL STX WEU EASIA KR AMERS US EUROP SG HK AU ASEAN TW NAMER SEASIA EMEA ASXPAC EMRG AUNZ CN ASIA JP CDTY FIN MKTS/GLOB TOPNWS PLCY TOPCMB

 

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