SYDNEY  – Asian stocks edged towards a weekly loss on Friday and the U.S. dollar was headed for a month of gains after U.S. inflation came in steady, without the hoped-for surprise on the downside. Soft demand at a 30-year Treasury auction and a blowout in the U.S. budget deficit last month also weighed on bonds, and their higher yields in turn pushed the dollar up – particularly against a yen pinned by yield control in Japan. The yen touched a six-week low of 144.89 per dollar in early trade on Friday, though volumes were thinned owing to a public holiday in Japan.

https://business.inquirer.net/415388/asia-stocks-slip-as-us-cpi-fails-to-enthuse-dollar-up

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