- As a result of the Bank of Japan's minimal adjustments to its yield-curve-control settings, which disappointed some in the market who had anticipated a broader easing of its accommodative monetary policy stance, the yen declined.

- Japan's currency fell as much as 0.7% to 150.10 per dollar, 10-year bond futures began to recover, and stocks gained as a result of the central bank's decision to maintain its negative interest rate and to maintain the 1% restriction on long-term yields. One dollar increased.

- According to its announcement, the BOJ would control yields on 10-year government debt in a more flexible manner. This is a departure from an earlier promise to carry out daily bond buying operations at 1%, a position that essentially established a boundary at that point. The BOJ may think about allowing rates to rise above their 1% ceiling, according to prior reports from The Nikkei.

- The decline in Australian bonds caused the 10-year yield to approach 5%. Since July 2011, the benchmark yield has not exceeded that threshold.

- Asia saw an increase in oil prices after a decline on Monday due to indications that the Israel-Hamas conflict will not escalate and that demand may be abating.