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(Bloomberg) Asian stocks were mixed Wednesday after a rally on Wall Street that was fueled by strength in US consumer confidence and home sales. The Australian dollar slumped on soft inflation data and the yen strengthened after verbal intervention in Tokyo. Most Read from BloombergStudent Loan-Relief Backers Warn Biden ‘Failure Isn’t an Option’UBS Preparing to Cut Over Half of Credit Suisse WorkforceWagner Chief Lands in Belarus as Putin Says ‘Civil War’ AvertedPickleball Injuries May Cost A
The bearish pressure on the Japanese yen increased again, coinciding with the confirmation of the future tightening of the US Federal Reserve s policy.