"Asia Markets Slide as Rate-Cut Hopes Fade Ahead of Inflation Data"

Most Asian currencies fell and the dollar steadied near three-week highs as stronger-than-expected U.S. payrolls data reduced expectations of an early Federal Reserve rate cut. Traders are now awaiting upcoming U.S. inflation data for further cues on potential rate adjustments. The Japanese yen faced losses amid doubts about the Bank of Japan's policy tightening plans, while broader Asian currencies retreated ahead of key inflation readings this week.