Asian stocks trade mixed as markets await U.S. inflation signal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2024
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Source: MarketWatch
Asian Stocks Performance: Asian stocks showed mixed results on Wednesday following a decline in U.S. indexes on Tuesday, as traders await an update on U.S. consumer inflation.
Market Concerns: There is growing speculation about a potential Federal Reserve rate cut, raising concerns about the implications if the upcoming inflation data is unexpectedly high.
Analyst Views on USDJPY
Wall Street analysts forecast USDJPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USDJPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 158.344
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Current: 158.344
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
