Shares in Asia Rally, Dollar Lower against Yen on Fed Rate Cut Bets

GLOBAL MARKET - TOKYO. Shares in Asia rose for a second consecutive session and the U.S. dollar held most of its losses on Tuesday as investors increased bets the Federal Reserve will act to prop up the world's largest economy.

U.S. shares rallied on Monday on generally positive earnings reports and increasing bets for a September rate cut from the Fed after disappointing jobs data on Friday.