Asian stocks rally as traders pare rate bets ahead of jobs data
Stocks rose Friday and government yields held their losses after comments from top Federal Reserve officials tempered fears that the central bank would hike interest rates at its meeting this month.The yen maintained its gains enjoyed over the previous two days amid growing expectations for a Bank of Japan interest rate hike this month, and a suggestion from an official that another could be on the way at the next meeting.
Stocks rose Friday and government yields held their losses after comments from top Federal Reserve officials tempered fears that the central bank would hike interest rates at its meeting this month.The yen maintained its gains enjoyed over the previous two days amid growing expectations for a Bank of Japan interest rate hike this month, and a suggestion from an official that another could be on the way at the next meeting.
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