Expectations for a 75 basis-point increase at the conclusion of a two-day meeting on Wednesday are nearly baked into prices, according to CME's Fedwatch Tool with investment banks like Goldman Sachs expecting a 75 basis-point rate hike in June and July, and a 50 basis-point rise in September.

Panic has swept through trading floors since data on Friday showed US consumer prices rising at their fastest pace in a generation owing to a spike in energy and food costs caused by the Ukraine war, China's lockdowns and supply chain snarls.

Asian shares tumbled on Tuesday after Wall Street hit a confirmed bear market milestone and bond yields struck a two-decade high on fears aggressive US interest rate hikes would push the world's largest economy into recession.

Markets tumbled in Asia on Monday and the dollar rallied as part of a global rout fueled by a forecast-beating US inflation print that ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

The yen fell to a fresh 20-year low against the dollar on Monday, as red-hot US inflation data drove up Treasury yields, diminishing the earlier boost from speculation Japanese authorities could intervene to support the currency.

US inflation surged to a new four-decade high in May, defying hopes price pressures had peaked and deepening President Joe Biden's political troubles as Americans struggle to meet the ever-rising cost of essentials like food and gas.

Japan's government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint statement, the strongest warning to date that Tokyo could intervene to support the currency which has sunk to 20-year lows.

Farm gate prices remain low after the government revoked its palm oil export ban, while surging fertilizer prices have driven up production costs, smallholders say.

Asian stocks fell, US bond yields rose and a soaring dollar pushed to a two-decade high against the yen on Thursday as investors worried about the outlook for more rate rises ahead of a key meeting of the European Central Bank later in the day.

The yen hit a fresh 20-year low versus the dollar on Wednesday and slipped to a seven-year trough against the euro as traders awaited a European Central Bank meeting likely to leave Japan alone among peers in sticking to ultra-easy monetary policy.

Asia's stock markets edged lower on Tuesday, the yen hit a 20-year low and bond markets wavered as investors nervously awaited US inflation figures and central bank meetings in Australia, Europe and, next week, in the United States.

Asian shares steadied on Monday as US stock futures made cautious gains ahead of US inflation data later in the week, while the euro touched a seven-year top on the yen amid wagers of European Central Bank tightening.

The Japanese yen was on the back foot on Monday, ahead of a busy policy-focused week in which inflation will be in the spotlight with a major European Central Bank meeting and US consumer price data scheduled.

Asian share markets fell on Thursday on widespread investor worries over high inflation and the threat of recession, while oil prices slumped following a report of reassurances from Saudi Arabia over production.

Palm oil producers are finding sufficient buyers in Indonesia and abroad for whom sustainability is a minor consideration, which is limiting pressure on the sector to adopt environmental practices.

Improved insurance literacy among consumers is one way to capitalize on potential growth in Indonesia's insurance industry, which still lags behind its Southeast Asian peers.

Stocks wobbled and bonds fell in Asia, while the dollar rose on Tuesday after a hot inflation reading in Germany heightened nerves about the pace and scale of looming interest rate hikes.

The Brent crude futures contract for July, which will expire on Tuesday, was 0.4 percent at $119.90 a barrel at 0659 GMT.

Asian shares extended overnight global gains thanks to strong results from regional tech firms and US retailers, while investors also took comfort from Federal Reserve minutes showing a pause to its rate hikes is on the cards later this year.

The 5-year notes carry a coupon of 4.40%, while the 10-year notes have a 4.70% coupon, below the sovereign's initial price guidance.

Asian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.

China stocks rose on Friday after Chinese banks cut the benchmark reference rate for mortgages by an unexpectedly wide margin to revive the ailing housing sector and to prop up a slowing economy hit by severe COVID-19 outbreaks.

Safe-haven currencies, including the dollar, eased on Thursday, pausing for breath after big gains the previous session as Wall Street stocks tumbled amid mounting concerns that aggressive tightening by the Federal Reserve and other central banks could choke growth.

Asia's stock markets struggled to carry recent gains into a fourth straight session on Wednesday and the US dollar steadied, as nagging doubts about inflation and the drag from rate rises crept back in to the global growth outlook.

Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, which rebounded at the close after investors calmed down about US policies to counter surging inflation.

The United States administration has vowed to take action to boost supplies of baby formula as President Joe Biden was slammed by Republicans for crippling shortages nationwide.

The dollar index rose to its highest level since Dec. 12, 2002.

With surging prices undermining wage gains and hurting American families, US President Joe Biden said Tuesday that fighting inflation is his top priority, but he may have limited tools to tackle the issue.

The cooling would come after Indonesian benchmark prices for nickel, aluminum and gold rose to all-time highs in April.

Asian shares tumbled to their lowest in nearly two years on Tuesday as investors shed riskier assets on worries about higher interest rates and their impact on economic growth, while the dollar held near 20-year highs.