U.S. government debt prices were lower on Thursday as investors digested the release of several pieces of data and a bond auction.
The dollar hit a high on comments from Sweden's central bank, and on expectations of a December Federal Reserve rate hike.
Physical demand ahead of the festival season in India helped gold prices stay afloat amid a firm dollar.
Most Japanese equities have not been driven by fundamentals but by the strength in the Japanese yen, says StanChart WM's Manpreet Gill.
Central banks have had to resort to unconventional tools but even these are starting to run out of steam, says Barclays' Mitul Kotecha.
A stronger Japanese yen will challenge the investment thesis for being long on Japanese equities, says Brett McGonegal, CEO at Capital Link International.
It will be hard to restrain the yen from appreciating as the BOJ has run out of tools to ease monetary policy, says Japan Macro Advisors' Takuji Okubo.
Quantitative easing fatigue is steeping into markets, says Kay Van-Petersen, global market strategist at Saxo Capital Markets.
Parry International Trading's Gavin Parry assesses the BOJ's policies and suggests a change in its asset purchase program might come down the line.
Janet Yellen and the Fed need to wake up and see the bubbles they've created that are a huge risk to the US economy, says Michael Pento.
Asian markets gained, while the pound slipped as the UK faced the prospect the Brexit would start in early 2017.
No news is considered good news by investors, who sent the Nikkei up 1 percent after the closely watched BOJ survey.
Japanese corporates are sitting on huge amounts of capital, which could be used to boost the Japanese economy, says the Milken Institute's Kotaro Tamura.
CIBC's Patrick Bennett and Paul Krake from View from the Peak: Macro Strategies on why the BOJ's yield curve control policy is a non-starter.
While the Fed appears to be floating the idea of buying equities in the future, two experts say they have concerns about such a plan.
The euro erased losses against the dollar after hitting a nine-day low on reduced concerns surrounding Deutsche Bank's health.
Japan's CPI fell in the year to August, a sixth straight drop, keeping the Bank of Japan under pressure to ease monetary conditions further.
It'll be hard for Japan's economy to hit 2 percent inflation, even under BOJ's new policy framework, Nomura's Takashi Miwa says.
The Bank of Japan has not done enough as Japan's economic data have not shown sufficient improvements, SEB's Sean Yokota.
Japan's unemployment rate is expected to slowly fall below 3 percent which should boost inflation, says Europacifica Consulting's Naomi Fink.