Asian stocks meander, yen at 5-month low in thin year-end trading newshub

Asian stocks meander, yen at 5-month low in thin year-end trading

2024/12/27/10:09

in Asia

Reading Time: 1 min read

Asian stocks nudged higher on Friday while the dollar was firm, keeping the yen rooted near five-month lows in thin year-end trading as investors looked ahead to 2025, when the Federal Reserve is expected to take a cautious approach to rate cuts.

The Bank of Japan, on the other hand, could raise rates in the near-term, with the summary of opinions at the bank’s December meeting released on Friday keeping alive the chance of a January hike. The BOJ had chosen to stand pat in its December meeting.

Source: Reuters