Summary: Asian equities are expected to rise and currencies to strengthen following Federal Reserve Chair Jerome Powell’s dovish speech at the Jackson Hole symposium, signaling a potential interest rate cut in September. Analysts anticipate a temporary boost to Asian currencies, particularly in tech-heavy sectors and markets like Japan and Taiwan, but caution that any rally may be short-lived without a deeper easing cycle. The potential for divergent monetary policies between the Federal Reserve and the Bank of Japan, with the latter expected to raise rates, is also noted, potentially impacting the yen’s appreciation against the dollar.

Link: https://www.theedgesingapore.com/news/global-markets/analysts-see-asian-stocks-currencies-supported-dovish-powell