By Kevin Buckland
TOKYO (Reuters) – Asian stocks didnothave instructions on Wednesday, while the dollar stayed company inspiteof lower U.S. Treasury yields as markets examined blended signals from U.S. policymakers and financial information on the course for Federal Reserve interest rates.
The yen stayed on the back foot even with the hazard of currency intervention from Japanese authorities to assistance it.
Crude oil hovered near two-month lows inthemiddleof indications of relieving supply pressure and continued hopes for a Middle East ceasefire.
MSCI’s broadest index of Asia-Pacific shares outdoors Japan moved 0.19%, weighed down partially by decreases from mainland Chinese blue chips. However, Hong Kong’s increased 0.52%.
plunged about 1% as traders took earnings following the previous session’s 1.6% rise. The tech-heavy index likewise surrendered to pressure from a sell-off in U.S. chip stocks on Tuesday.
U.S. stock futures were flat.
The yen slipped 0.16% to 154.94 per dollar, even as Japan’s Finance Minister Shunichi Suzuki revealed deep issue over the unfavorable effect of a weak currency and repeated a preparedness to respond to extreme volatility.
The – which procedures the currency versus the yen, euro, sterling and 3 other significant peers – increased 0.09% to 105.