[MARKET UPDATE] ASX 200 +1.0%, Nikkei 225 +0.2%; US equity futures hold onto earlier gain, albeit modestly; DXY flat, USD/JPY returning above 157.00 following cooler-than-expected Tokyo CPI

The cooler-than-expected Tokyo CPI suggests that inflation pressures may be easing, which could influence the Bank of Japan's monetary policy approach. The modest gains in the ASX 200 and Nikkei 225, along with stable US equity futures, indicate a positive market sentiment potentially driven by these inflation expectations. Monitor USD/JPY as it strengthens above 157.00, which may reflect changes in expectations about future rate movements.