Asian stocks subdued on yen caution, US inflation in focus

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent, after US stocks ended the previous session with mild gains. — Reuters picSYDNEY, April 10 ― Asian stocks were muted as investors kept watch for possible intervention by Japanese authorities to stop the yen's decline and awaited US inflation data later today for clues to future interest rate moves.

However, further weakness in the Japanese currency could prompt authorities to intervene, especially if the yen breaks 152 per dollar. The European single currency was flat at US$1.0856, having gained 0.64 per cent in a month, while the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, was down at 104.1.

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