(Reuters) - Activity in the Tokyo market was subdued on Friday as dealers were reluctant to take fresh positions ahead of a three-day weekend. Japaneants continue to feel a vague anxiety about the subprime mortgage market," said a senior trader at a Japanese brokerage. "Given the dollar's weakness against European currencies, the market is more likely to react to negative news for the dollar."
San Francisco Federal Reserve President Janet Yellen said on Thursday that current U.S. interest rate policy should promote a gradual drop in inflation, but the recent rapid deceleration in price pressures could be hard to sustain.
Read more at Reuters.com Hot Stocks News
San Francisco Federal Reserve President Janet Yellen said on Thursday that current U.S. interest rate policy should promote a gradual drop in inflation, but the recent rapid deceleration in price pressures could be hard to sustain.
Read more at Reuters.com Hot Stocks News
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