Asia stocks down, yen slump keeps markets on intervention alert





Asian shares declined and bond yields rose on Thursday amid concerns over inflation, while the yen slipping beyond 160 per dollar had currency traders anticipating potential intervention from Japan to stabilize it.The dollar reached six-week highs against the pound and the New Zealand dollar, and at 160.7 yen it traded near Thursday's 38-year peak. The cautious sentiment left high-valuation sectors of financial markets particularly exposed, with Nasdaq futures falling by 0.5%.


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