Concurrently, oil prices dipped, exerting additional pressure on the broader dollar index across Asia. Trump's stern calls on OPEC, particularly Saudi Arabia, to boost production and slash prices are a boon for Asia's vast oil-dependent economies, alleviating some of their financial strain.

After Trump said he would “demand that interest rates drop immediately,” the 2-year Treasury yield edged lower and stocks ticked up.

Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul. The S&P 500 advanced 0.5%, with the gauge topping the 6,

Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.

Welcome to our TOPLive coverage of the Bank of Japan’s monetary policy decision. We’ll start shortly, with the central bank typically announcing its decision around midday in Tokyo. We’ll also follow the briefing by Governor Kazuo Ueda from 3:30 p.

For a start, the yen perked up after the Bank of Japan finally delivered a quarter-point hike in its main policy interest rate to 0.5%, its highest since the 2008 global financial crisis. The reaction was calm, as the hike was considered neither a 'dovish hike' nor 'hawkish hike', in market parlance.

The U.S. dollar slid on Friday and was set for its biggest weekly loss in over a year after President Donald Trump suggested a softer

The dollar was down against a basket of currencies, but could rise further this year on potential U.S. tariff polices and more cautious Fed interest-rate cuts.

US markets close higher on mixed earnings and Trump's Davos remarks. All sectors of S&P 500 up, Dow up 0.92%, S&P 500 up 0.53%, Nasdaq up 0.22%.

Asian equities were on track to close the week higher, following a rebound in technology stocks that pushed Wall Street to a record high. Oil fell after President Donald Trump urged OPEC to lower crude prices and said he will push for interest-rate cuts.

At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 4.28 points to 1,572.92 from yesterday’s close of 1,577.20. At the opening bell, the benchmark index ticked up 0.30 of-a-point higher to 1,577.50.