Asia stocks set for best week of 2023, dollar reels on dovish Fed bets

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Asia stocks set for best week of 2023, dollar reels on dovish Fed bets
France Dernières Nouvelles,France Actualités

Asian stocks rose on Friday, on course for their best week this year, as a cooling in U.S. inflation stoked speculation that the Federal Reserve could pause rate hikes after this month.

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, though, was a notable outlier, flipping early gains to be last down 0.43% as it struggles to find its feet following its retreat from a 33-year peak reached at the start of this month., after the index rallied 0.85% overnight.

U.S. two-year Treasury yields , which tend to be most sensitive to the Fed policy outlook, languished at 4.63%, following a 30 basis point slide this week that extended its drop from last week's 16-year peak above 5%. Speculation that the BOJ could widen its 10-year yield band this month has been rising since a labor report a week ago showed solid growth in wages.

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