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International Business Times
International Business Times
Business
AFP News

Asian Trade Cautious Ahead Of Key Rate Decisions

United States Asia Bank of Japan Tom Kenny BOJ US Federal Reserve
Traders in Asia were cautious on Monday as anticipation builds for the Bank of Japan to finally ditch its negative interest rate (Credit: AFP)

Traders in Asia were cautious on Monday after US shares receded, and as anticipation builds for the Bank of Japan to finally ditch its negative interest rate.

Dampened hopes for Fed rate cuts led Wall Street to close lower on Friday, with a sharper-than-expected jump in US wholesale price data reinforcing expectations that the US central bank will stand pat this week.

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