Stock market today: Asian shares are mixed and the yen slips against the dollar

The U.S. dollar gained against the Japanese yen as officials downplayed the likelihood of an interest rate hike soon.

The meeting between Ishiba and Ueda was not expected to bring major news, however, “when Ishiba hinted that growing global risks should keep the BoJ firmly grounded, yen bulls hit the exits faster than you can say ‘sayonara,’” Stephen Innes of SPI Asset Management said in a commentary. On Wednesday, Wall Street benchmarks ended little changed amid uncertainty over conflict in the Middle East.

The dominant question hanging over Wall Street has been whether the job market can keep holding up after the Federal Reserve earlier kept interest rates at a two-decade high. The Fed was trying to press theThe Fed last month lowered its main interest rate for the first time in more than four years and indicated more cuts will arrive through next year.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares are trading mixed as investors gauge inflation dataTOKYO (AP) — Asian shares were trading mixed Tuesday after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian benchmarks dip after Wall Street's mixed finishTOKYO (AP) — Asian shares traded mostly lower Wednesday after Wall Street drifted to a mixed finish.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »