Asia markets mostly fall but weak yen boosts Tokyo

HONG KONG: Tokyo stocks rallied on Wednesday as the yen fell further against the dollar on US interest rate talk but most other Asian markets struggled as investors were spooked by the prospect of higher

Reserve boss Janet Yellen on Friday hinted at a possible hike as data point to continued economic improvement.

at its highest level in almost a year provided further evidence of a brighter outlook.

- movement in rates was dependent on data, adding that “employment is very close to full employment”.

meeting, although there are some reservations about whether a move will be made then.

- mer of record highs on Wall Street have boost

“Payrolls is certainly very important, though there are strong indications that seasonal factors will ensure the headline reading will not provide the Fed with the slam dunk it needs for a September hike.”

In afternoon trade the dollar bought 103.32