InvestingLive Asia-Pacific market news: Fed hike expectations ripple through Asia
On Friday, Advancing expectations on further Federal Reserve rate increases spread through Asian markets. JGBs followed US Treasuries, which posted a second straight session of losses as market players added to expectations on more forceful Fed tightening.
In this article
In the latest Fed interest rates update, on Friday, Advancing expectations on further Federal Reserve rate increases spread through Asian markets, according to investingLive. JGBs followed US Treasuries, which posted a second straight session of losses as market players added to expectations on more forceful Fed tightening.
Key points
- Japanese government bonds tumbled, the yen remained close to 160 per dollar and bitcoin declined below $69,000.
- Japan's 10-year yield advanced roughly 7 basis points to roughly 2.87%, at the day's high.
- Her remarks came following the New York Fed verified that the US Treasury purchased yen in July.
- Barclays noted the market is too relaxed about the risks.
- Nvidia shares declined around 3% in extended US trading, and South Korea's Naver also edged lower.
What happened: Fed interest rates
Japanese government bonds tumbled, the yen remained close to 160 per dollar and bitcoin declined below $69,000. As unease over Nvidia's leadership change continued to weigh on AI-linked shares, Regional shares gave back much of an early rebound. Japan's 10-year yield advanced roughly 7 basis points to roughly 2.87%, at the day's high.
New York Fed President John Williams noted overnight that inflation is still stubbornly high and that the Fed will need to act over time to bring it back to 2%. Her remarks came following the New York Fed verified that the US Treasury purchased yen in July, its first yen-buying intervention since 1998, alongside Japan's own intervention.
The Guards also cautioned firms working with the US over oil shipments through the Strait of Hormuz. Barclays noted the market is too relaxed about the risks, with Middle East flows still roughly 85% of pre-war levels and inventories outside China depressed.
The Nikkei 225 was up roughly 0.8% near 61,300 in afternoon trade, down from a gain of roughly 1.4% at midday. The Kospi reversed an early 2% advance to trade roughly 0.7% lower near 5,300, with SK Hynix down upwards of 2% and Samsung Electronics off roughly 0.6%.
Hong Kong's Hang Seng slipped roughly 1% to near 23,770, while the Shanghai Composite edged up roughly 0.2%. Nvidia shares declined around 3% in extended US trading, and South Korea's Naver also edged lower.
SMIC reported record third-quarter revenue of roughly $3.19 billion and more than doubled its profit in China.
Why traders are watching Fed interest rates
Expectations for US interest rates sit behind almost every move in the dollar, bond yields and equities. When the outlook for Fed policy changes, traders reprice the whole curve of rate expectations at once.
A more hawkish tone usually supports the dollar and weighs on gold and growth stocks, while a dovish tilt tends to do the opposite. That is why traders read every comment from policymakers closely.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-13 05:14 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 68,748.01 | -6.57% | 73,738.36 | 68,307.28 |
| Ethereum (ETH) | 1,927.77 | -5.72% | 2,053.79 | 1,913.07 |
| Cardano (ADA) | 0.168 | -2.55% | 0.1757 | 0.166 |
On the currency side, the latest ECB daily reference rates (2026-11-12) show EUR/USD 1.1081, GBP/USD 1.3256, AUD/USD 0.6821, NZD/USD 0.5556, USD/JPY 159.7, USD/CHF 0.8331, USD/CAD 1.4249, USD/CNY 6.6683. These are reference fixes, not live quotes.
What to watch next for Fed interest rates
Traders will focus on upcoming comments from Fed officials, the next inflation and labour-market releases, and pricing in rate futures for clues about the timing of the next policy move.
Key scheduled releases on the economic calendar:
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read Bitcoin price: Bitcoin edged lower under $70K, first time since August or see all of today's top market news.
FAQ
What is the latest Fed interest rates news?
On Friday, Advancing expectations on further Federal Reserve rate increases spread through Asian markets.
How do Fed rate decisions affect forex markets?
Higher US rates tend to attract capital into dollar assets and strengthen the greenback, while lower rates or dovish guidance usually weaken it against other major currencies.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
