Wall Street surged on tech lift for the fifth straight session which lifted Asian equities on the last day of the week, but trading in the region subdued with many markets shut for the Lunar New Year holiday. Dow and S&P 500 break above their 50-day moving averages as bond yields hit fresh multiyear highs.
BOJ’s Kuroda says powerful easing still required for now & BOJ will communicate its intentions on easing clearly when the time comes, to avoid market turbulence. Yen is constantly strengthening.
Oil prices edged higher today as the dollar stood near a three-year low in subdued Asian trade.
The dollar index grew weak near a three-year low today, headed for its biggest weekly loss in nine months, as a slew of bearish factors offset support for the U.S. currency from rising Treasury yields amid firming inflation.
The Indian Unit is seen an opening around 63.85 and is expected to play the 63.75-64.00 range for the day.