Tokyo's main index slips amid mixed sentiment in Asian equities today
Japanese stocks are mainly taking their cue from a softer performance in Wall Street overnight, after Fed dove James Bullard gave markets something to think about as he ruled out a 50 bps rate cut next month and touted the idea of an "insurance rate cut" only.
Sentiment is more mixed among other Asian equities with Chinese stocks a little lower but Hong Kong stocks are holding more firm. It highlights the more cautious tone as markets continue to eye the Trump-Xi meeting at the end of the week for more clues.
USD/JPY holds stronger at 107.40 levels though to start the session but that is mainly helped by higher Treasury yields, with 10-year yields up by 2 bps to 2.00% currently.
