Asia stocks meander, yen fragile ahead of US inflation data

Singapore, Nov. 14 (BNA): Asian shares edged higher on Tuesday ahead of a crucial U.S. inflation report that could heavily influence the Federal Reserve’s policy outlook, while the fragile yen flirted with 33-year lows, putting it back in the intervention zone.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.23% higher, on course for its second straight day of gains, Reuters reported.

 

The Japanese yen was at 151.71 per dollar in Asian hours, having touched a one-year low of 151.92 on Monday. If the battered currency breaks below last year’s trough of 151.94, it would mark a fresh 33-year low.

 

 

 

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