Janet Yellen On US Fed Reserve

Japan's Nikkei was a rare bright spot, rising 0.2%, adding to the previous day's 0.73% rally

In the euro zone, data may show that the slowdown in inflation stalled in April for the first time this year

Yellen said she expects the Fed to continue gradually raising interest rates and trimming its balance sheet

Yellen noted that undershooting the inflation target for too long can be quite dangerous