Yen Weakens Further To Put Focus On Tokyo, Asian Equities Rise

Investors are eagerly awaiting the release of key US inflation data, which could have an impact on the Federal Reserve's decision-making on interest rates (Credit: AFP)

The yen extended losses to a fresh 38-year low Friday, putting investors on guard for a possible intervention by Japanese authorities ahead of the release of key US inflation data later in the day.

Asian equity markets advanced following a positive lead from Wall Street, though there is speculation of a possible pull-back on profit-taking and concerns the recent tech-fuelled rally may have run too far.