Asian markets mostly welcome Fed rate move

The euro and yen maintained their gains against the dollar, while most equity markets outside Japan rallied after comments by the US Federal Reserve cooled expectations of an early summer hike. While the central bank opened the door for a rise from six years of zero percent rates, it lowered its forecasts for economic growth and inflation and stressed it would remain cautious before making any move. After a two-day policy meeting, the Fed on Wednesday issued a statement that removed a pledge to