- Asian stocks fell as the Federal Reserve's determination to keep raising interest rates reduced investors' appetite for riskier assets. The yen strengthened on speculation that Japan's monetary regime is about to change.
- Shares fell across the region, while US equity futures rose after the S&P 500 and the tech-heavy Nasdaq 100 fell for a third day on Friday.
- The yen gained for the second day in a row, and the yield on Japan's benchmark five-year note reached its highest level in more than seven years. A report that Japan's prime minister may consider allowing more flexibility in the monetary framework backed up the moves. A senior government official denied the report.
- The dollar fell against the majority of its major counterparts as investors reduced long bets on the greenback while weighing the Fed's rate outlook.
