A positive day for Asian equities, tracking US gains overnight
Risk sentiment is holding up ahead of European trading, with Asian stocks exuding a further sense of optimism after the more dovish Fed yesterday.
That said, the Nikkei has more or less halved its gains from earlier after a report suggesting the BOJ will expand its JGB yields target band from 0.20% to 0.25%. That will keep Japanese assets in a tricky spot going into BOJ meeting and review update tomorrow.
Meanwhile, the Hang Seng is up 1.6% and the Shanghai Composite is up 0.3% currently.
Elsewhere, S&P 500 futures and Nasdaq futures are flat while Dow futures are up 0.2%, all having trimmed earlier gains as the market weighs up the potential for further steepening in Treasury yields post-Fed.