Asian Stocks Dip, Yen Strengthens as US Jobs Data & Fed Rate Path Loom

• Asian stocks fell ahead of key US jobs data, while the yen strengthened.
• Investors are cautious due to upcoming US economic data, including the November jobs report and CPI.
• The Bank of Japan is anticipated to raise its key interest rate on Friday.
• The US jobs report is expected to indicate a sluggish labor market, potentially leading to a more dovish Fed.
• Treasury yields steadied, with the 10-year yield around 4.17%, amid expectations of Fed rate cuts next year.

Why It Matters: Global markets and interest rates hinge on upcoming US economic data and central bank decisions.