The yen climbed 0.3 percent to 106.73, adding to a 1.5 percent gain in the previous three days. The yen extended an advance and a rally in global stockscontinued in Asia as equity investors showed signs of warming to a world with inflation and a quicker pace of tightening for U.S. monetary policy following this month’s slide in risk assets.
The MSCI Asia Pacific Index added 0.8 percent. Shares in Tokyo jumped at the open, though similar starts to trading have faltered this week. Stocks also advanced in Australia, while S&P 500 Index futures were little changed. The MSCI All-Country World Index of equities gained the most since April on Wednesday. The yield on the 10-year Treasury rose as high as 2.91 percent, continuing its steady advance from last year’s low of 2.01 percent in early September. The yen climbed for a fourth day and the dollar extended its descent.
Source : Bloomberg