Asian stocks drop after days of profits and Shanghai violates the direction

Asian stocks have decreased with the decline in Japanese stocks due to the strength of the yen, which drops the regional stock index to three days of profits. The MSCA and Pacific Index fell 0.2%, with the Japanese shares falling 1.4%. The yen rose 0.5% against the dollar after US Treasury Secretary Scott Besent said the Bank of Japan was late to treat inflation, and expected to raise interest rates. The dollar fell against all currencies, after Pesent also called on the Federal Reserve to facilitate monetary policy. ‘Bitcoin’ has recorded a new record, while the yields of the US Treasury effects remained unchanged. The shares stood up in Shanghai for the third day in a row. “When Pesent speaks, the markets listen, and he wants the Yen stronger now. At least the market seems to pay more attention to its words, with a basic tendency to fall the dollar to fall,” says Rodrigo Catteriel, a strategy at the National Australia Bank in Sydney. Earlier this week, expectations to reduce US interest reinforced US inflation expectations to reduce interest by a quarter of a percentage point next month, asking shares to record levels amid low fluctuations. The external pressure on the federal of the administration of US President Donald Trump has also come, as Besent has so far made the clearest claim to start the interest reduction cycle. Pesent suggested that the basic interest rate is about 1.5 percentage points than it is at present, adding that officials may have been reduced if they were aware of the amended data of the labor market issued a few days after the last meeting. He said in an interview with ‘Bloomberg Servilles’ TV on Wednesday: ‘We can enter a series of reduction, starting of a 50 -point reduction in September,’ said in an interview with ‘Bloomberg Servilles’ TV on Wednesday. The Federal Open Market Committee, led by Jerome Powell, was held last month on the target of the interest rate between 4.25% and 4.5%. “There is room for the open market committee to take on a more prone accent for facilitation next year, especially if he has chosen Powell to give up his position as a wallet as soon as his mandate has ended as president,” said Jin Foley, a strategic expert in Rabobank in London. The expectations for the bank of Japan policy said that the Bank or Japan would raise interest rates because the country must control the ‘inflation problem’. In the most recent “Bloomberg” poll, the economists were followed by the bank, which expected about 42% of interest in October, while a third of the participants signed the move in January. The bank is expected to hold its policy without change in its next meeting on September 19. “Currency markets have received a new reminder that the yen could benefit at least as much as its most important counterparts from the falling trend of the US dollar adopted by Washington,” Garfield Reynolds, head of the Marcins Live team in Bloomberg. Trump’s statements and geopolitical developments said Trump, who also criticized the federal for failing to reduce the interest, that he could announce the name of the next president of the central bank, “before the specified date”, adding that he limited the list between three or four candidates to follow Powell. The report of the price of producers, which will issue indicators on additional categories, comes directly into the Federal Preferred Index to measure prices, and it will be published later in the month. “If the market still takes the change of the real economy’s path to inflation and work data for July, the logical question becomes: What is the size of the reduction that Powell has to make?” Elsewhere, geopolitical tensions remained high after the US president warned to draw up “very serious consequences” if Vladimir Putin did not agree to a ceasefire later this week after contacting European leaders before his meeting with Russian president.