Key Points
TOKYO (Reuters) Asian equities were mostly weaker on Thursday, while the dollar and U.S. Treasuries were largely steady ahead of crucial U.S. inflation data that could provide fresh clues on when the Federal Reserve will cut interest rates...
The yen gained as a Bank of Japan official hinted at the need to exit ultra-easy monetary stimulus...
Investors are wary ahead of the release later in the day of the Feds preferred inflation gauge, the personal consumer expenditures (PCE) price index, after dialling back bets for a first rate cut to June..
This month, state-led buying and tighter regulations have been primarily responsible for pulling the index off five-year lows, but expectations for more aggressive stimulus will need to become reality to retain the momentum amid a moribund economy, saddled with listless consumers and a teetering property market...
Most of that was driven by a dip against the yen, after BOJ board member Hajime Takata said in a speech that the central bank needs to consider nimble and flexible responses, including ending policies such as negative interest rates and yield curve control...
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