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Home » GLOBAL MARKETS-Asian stocks steady, Japan, China central banks interrupt dollar’s ascent

GLOBAL MARKETS-Asian stocks steady, Japan, China central banks interrupt dollar’s ascent

    Asian stock markets edged up on Tuesday while comments from central banks in China and Japan interrupted the dollar's ascent, giving traders a breather ahead of U.S. inflation data that could influence when or if the Federal Reserve raises rates further. The yen notched its best day against the dollar in two months overnight, after Bank of Japan Governor Kazuo Ueda said policymakers might have enough economic information by the year-end to determine that short-term rates will need to rise. The yuan had its best day in six months after authorities vowed to correct one-way moves and Reuters reported the central bank had stepped up scrutiny of dollar buying.

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