Asian equities gained on Friday while the dollar hovered near a one-month high as investors braced for crucial U.S. jobs data later in the day that should provide clues on how aggressive the Federal Reserve will be in tightening policy.
MSCI's broadest index of Asia-Pacific shares
"There is concern that the labor market isn't showing any signs of cooling," putting financial markets "very much on edge", said Tony Sycamore, a market analyst at IG. U.S. two-year Treasury yields spiked to a more than two-month high of 4.497% overnight but eased to 4.460% in Tokyo. The 10-year yield , which rose as high as 3.784% in New York, dropped to 3.726%.
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