Asian markets faced a fresh stress test on Monday as a plunge in the Turkish lira lifted the safe-haven yen and blunted risk appetite, although the fallout so far looked to be relatively contained.
The uncertainty was enough to see Nikkei futures ease to 29,280, pointing to an opening drop from the cash close on Friday of 29,792. The damage was limited, however, by the Fed's promise to work on the rules to prevent strains in the financial system.
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