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USD/JPY holds gains as Powell signals prolonged high US rates, awaiting Japan's intervention amid a notable Fed-BoJ policy divergence.

(Bloomberg) -- Equities in Asia advanced on Friday after a rally in the world’s largest technology companies drove a rebound in US stocks. Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsRussia Destroys Largest Power Plant in Ukraine’s Kyiv RegionJapanese stocks rose while Aust

Interest rate-sensitive megacaps gave the tech-heavy Nasdaq a decisive edge. The S&P 500 also closed in positive territory, while the Dow ended essentially unchanged.

(Bloomberg) — Treasuries edged higher in Asian trading Friday while equities were mixed after a rally in the world’s largest technology companies drove a rebound in US stocks. The US 10-year yield fell more than two basis points, clawing back around half its losses from Thursday when yields rose for a second session. Data showed…

The Japanese Yen (JPY) is seen oscillating in a narrow trading band against its American counterpart during the Asian session on Friday and consolidating this week's heavy losses to the lowest level since 1990.