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Markets Wrap: Asian Stocks Pause, Yen Weakens, Oil Eases
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Global markets take breather: Asia slips, yen soft, oil cools ahead of key U.
Asian equities cooled after a recent rally despite strength in Chinese tech and AI names. The MSCI Asia ex-Japan index slipped modestly as markets looked for fresh catalysts. The yen weakened sharply against major currencies, while oil prices eased from seven-week highs amid profit-taking and supply concerns. Investors now wait on U.S. inflation prints and central bank cues for the next directional move.