Asian Markets Subdued, Dollar and Yen Strengthen Ahead of US Economic Data

Asian markets were subdued, and the dollar and yen strengthened as investors took a cautious stance ahead of key US economic data releases later this week, which are expected to provide insights into the Federal Reserve`s interest rate plans. While some Asian markets experienced losses, Japanese shares performed relatively well despite the yen`s appreciation. Market observers are anticipating potential US interest rate cuts, but there is uncertainty about the timing and extent of such cuts. Some analysts believe that the market might be overly optimistic about the Fed`s willingness to ease monetary policy aggressively. JPMorgan analysts have warned that even if the Fed cuts rates, the stock market rally might lose momentum due to concerns about slowing economic growth and typical seasonal market trends in September.