Most Asian markets up ahead of Fed but Tokyo hit by strong yen

Most Asian markets up ahead of Fed but Tokyo hit by strong yen …C0NTINUE READING HERE >>>

The Bank of Japan’s policy decision at the end of the week will be closely followed by investors.
Photo: Kazuhiro NOGI / AFP
Source: AFP

Most Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting.

Bets on the Federal Reserve slashing borrowing costs by as much as half a percentage point have jumped in recent days, with observers suggesting…

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