Asian stocks rise ahead of August U.S. payrolls as Waller comments ease rate-hike fears
AI Market Summary
Risk assets firmed into U.S. jobs data as Fed Governor Waller signaled openness to holding rates steady if disinflation continues, easing near-term hike fears. Treasuries rallied at the front end, the dollar softened, and USD/JPY fell as the yen strengthened on both lower U.S. rate expectations and rising odds of a Bank of Japan hike, heightening volatility around payrolls and policy meetings.
Impact level
● High
Affected assets
NCFXUSD2JPY/USDT-0.26%
AI Insight · NCFXUSD2JPY/USDTAI Insight
● Neutral
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Asian equities advanced on Friday in line with a global rally as investors awaited key U.S. jobs data. Comments from Federal Reserve Governor Christopher Waller helped ease rate-hike concerns, pulling U.S. Treasury yields and the dollar lower, according to Reuters. The yen strengthened 2.6% for the week to around 155.7 per dollar, while markets trimmed the implied probability of a rate increase at this month’s meeting to 50% from about 63%.
