Asian shares rise, yen aims for best week in 4 months on BOJ hike bets

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SYDNEY :Asian shares rose on Friday while the yen was aiming for its best week in four months as strong inflation data from Tokyo had traders favouring an imminent rate hike from the Bank of Japan.Overnight, trading in U.S.

For the week, dollar is down 3 per cent against yen, the biggest drop since late July.

Wall Street futures rose 0.5 per cent in Asia, while Europe is looking ahead to a mixed open, with EUROSTOXX 50 futures down 0.1 per cent and FTSE futures rising 0.11 per cent.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFranceGermanyIsraelJapanLebanonOman

Topics: Inflation December Rose Cent Dollar Data Tokyo Japan Rate Week Futures

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 09:57:25 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 713 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23938904

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 36 posts per day

Year Established: 1999

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