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International Business Times
International Business Times
Business
AFP News

Asian Stocks Slip With Wall St Ahead Of Powell, Yen Rises

Traders are hoping Federal Reserve chief Jerome Powell signals an interest rate cut in his speech at Jackson Hole (Credit: AFP)

Asian investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be.

There was also a focus on Tokyo, where the head of Japan's central bank was appearing in front of lawmakers for the first time since a surprise rate hike and hawkish comments helped spark turmoil on world markets.

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