The Bank of Japan ended a two-day meeting on Wednesday with a decision to leave monetary policy unchanged and a promise to monitor volatile bond markets.
Confidence returned to most Asian stock markets on Wednesday after investors were reassured that global central banks would not pare down their economic stimulus programs.
The Fed Chairman could give the dollar bulls reason to pause, ending its rally on rumors of the central bank unwinding its aggressive monetary stimulus program.
The U.S. dollar fell against the euro on Tuesday after St. Louis Federal Reserve President James Bullard dented expectations the U.S. central bank may taper its bond purchases.
Stocks closed higher but off their best levels after two Fed officials dampened speculation the central bank was ready to consider "tapering" its bond-buying.
Gold, down in seven of its last eight sessions extended earlier losses on Tuesday on a firm dollar, weak technical signals and speculation that the U.S. Federal Reserve might rein in its stimulus program.
Oil fell on Tuesday, on concerns that the U.S. Federal Reserve might scale back its quantitative easing program, which could damage fragile demand.
U.S. Treasurys prices were little changed on Tuesday as most investors moved to the sidelines.
Caution prevailed in Asian trade on Tuesday as investors grow concerned about the duration of global monetary stimulus ahead of Federal Reserve chief Ben Bernanke's testimony to the U.S Senate.
The U.S. dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering bond purchases this week.
U.S. government debt prices fell on Monday, as traders waited for further clues on whether U.S. growth will be strong enough for the Federal Reserve to taper its bond purchases.
Gold and silver prices gained about 2 percent after a roller-coaster session that opened with a gut-wrenching dive in silver prices to their lowest in 2-1/2 years before an abrupt midday turnaround.
Crude oil prices rose on Monday, reversing early losses to trade higher by late morning in New York as the dollar weakened.
Asia's stock markets were in rally mode on Monday after better-than-expected U.S data boosted investor confidence in the global economic recovery.
Prices for U.S. Treasurys fell after data showed consumers grew more optimistic in May and an index of leading indicators pointed to economic growth ahead.
The dollar rose against a swath of currencies on Friday, rocketing to 4 1/2-year high against Japan's yen.
Gold fell for a seventh straight session on Friday, as speculation that the Federal Reserve may soon rein in monetary easing lifted the dollar.
Brent crude oil climbed for a third straight session, supported by a raft of strong economic data from top oil consumer the United States.
China's benchmark index out-performed the broader Asian market for a second straight session on Friday as investors cheered moves by the government to ease strict regulation while the rest of Asia's equity markets traded cautiously as concerns grew over a U.S. Federal Reserve exit from quantitative easing.
The U.S. dollar recovered to trade higher against the euro and yen late Thursday afternoon in a volatile session that saw the U.S. currency swing between gains and losses.