Asian shares rise on US rate relief, yen jumps on BOJ chatter

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Key Points

SYDNEY (Reuters) -Asian shares rose on Thursday while the dollar nursed losses after the worlds most powerful central banker reassured investors that U.S. rates would fall this year, setting the scene for policymakers in Europe...

Japans Nikkei, however, reversed earlier gains and the yen jumped past the 149 per dollar level to the highest in a month as momentum builds that a move from the Bank of Japan to end negative interest rates could come as soon as this month...

MSCIs broadest index of Asia-Pacific shares outside Japan rose 0.4%, while Japans Nikkei slid 0.9%, after hitting a fresh all-time high earlier in the session...

Elsewhere, markets were mostly higher, with Taiwans share market hitting a record high, after Federal Reserve Chair Jerome Powell stuck to the script by saying the Fed still expects to cut rates later this year, even though continued progress on inflation is not assured..

The European Central Bank is set to keep interest rates steady at a record 4.0%, but any messaging from policymakers that support a rate cut in June would be a relief to markets...

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