Japan's Nikkei rose another 1.7 per cent on Friday, tracking a strong rebound on Wall Street overnight
Nikkei futures were trading at 33,640, suggesting the cash market could open around 2,000 points higher
Japan's Nikkei, tumbled 3 per cent as the strengthening yen clouded the outlook for the country's exporters
Focus will be on whether the BOJ will raise rates, with several Japanese media reporting that the bank would consider raising rates
Regional stocks took their cues from Wall Street, where the S&P 500 and tech-heavy Nasdaq slipped further after Wednesday's frenetic selling
The US dollar was broadly firm, with traders watching out for an inflation reading on Friday and Federal Reserve meeting next week
Investors seemed well-prepared for news that US President Joe Biden had dropped out of the election race and endorsed Vice President Kamala Harris for the Democratic ticket
Moves in the yen against the dollar and other major currencies stole the spotlight on Friday
Chinese blue chips edged up 0.1%, while Hong Kong's Hang Seng index was flat
A slowdown in hiring and small uptick in unemployment is forecast, would leave open the door for US rate cuts
Markets are well prepared for a change given opinion polls have for months put the centre-left party on course for a landslide victory over the Conservatives
US stocks on Friday ended lower after an early rally fizzled
Shares in bellwether chipmaker Micron Technology slid 8 per cent in US after-hours trade as it met rather than topped lofty revenue expectations. Japan's Nikkei fell 1 per cent.
Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term US rate cut expectations in check in a boost to the dollar
Oil prices were flat for the day. Brent futures held at $85.95 a barrel while US crude was little changed at$81.60 a barrel
Desire to make an Asia for Asians, without the overbearing influence of the West, is not new
Asian shares were mostly lower Monday after US stocks coasted to the close of their latest winning week on Friday, even as Nvidia's stock cooled further from its startling, supernova run. US futures and oil prices dropped. In Tokyo, the Nikkei 225 index rose 0.7 per cent to 38,869.94, making it the sole major benchmark in Asia to post gains on Monday. The yen weakened to 159.93 per dollar during morning trading. Minutes of the Japanese central bank's last policy meeting released Monday put the yen under renewed pressure as it indicated that Any change in the policy interest rate should be considered only after economic indicators confirm that, for example, the CPI inflation rate has clearly started to rebound and medium-to long-term inflation expectations have risen. Meanwhile, it was reported that Masato Kanda from the Minister of Finance said officials are ready to intervene to support the currency at any time. Elsewhere, Hong Kong's Hang Seng dropped 1.2 per cent to 17,815.42,
Apart from the BoE, investors will also watch out for central bank decisions from Switzerland and Norway on Thursday to set the tone for global rates outlook
Japan's Nikkei rose 0.59%, while blue chip stocks in China were 0.42% lower. Hong Kong's Hang Seng index rose 1.3%
The main market focus in Asian hours on Tuesday was on the Reserve Bank of Australia's (RBA) policy decision, where expectations are for the central bank to stand pat on rates