Japan stocks rally, yen falters as rate hike bets fade

by Pelican Press
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Japan stocks rally, yen falters as rate hike bets fade

Japanese stocks have jumped and the yen has fallen as the risk of further tightening in monetary policy this year faded, while the sizzling rally in Hong Kong’s share market took a breather.

The euro was nursing heavy losses as markets ramped up bets that the European Central Bank will cut rates at each of its meetings in October and December after top policy hawk Isabel Schnabel said she expects inflation will fall back to target.



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