Reported about 1 month ago
The Japanese yen rose, negatively influencing Japanese stock markets as investors anticipated a potential Federal Reserve interest rate cut following weak US jobs data. Japan's Nikkei 225 index fell 0.5%, impacted by strong real wage growth, while other Asia-Pacific markets like South Korea and Australia saw gains. The shift in market dynamics reflects concerns about labor market strength and upcoming employment data, as the Fed hints at rate cuts in response to economic conditions.
Source: YAHOO