Asia stocks mixed, yen nears intervention zone

Japanese stocks advanced amid a weakening yen on Wednesday while Chinese stocks slipped, with overall regional trading lacking strong direction in a holiday-shortened week that ends with a key reading of U.S. inflation.
Japan’s Nikkei (.N225), opens new tab gained 0.93% to 40,775.62 as of 0155 GMT, heading back towards the all-time high of 41,087.75 reached last Friday.
The yen edged toward the 152-per-dollar mark that some see as the red zone for central bank intervention, after Japanese authorities stepped in at 151.94 in October of 2022. The yen was last about 0.1% weaker at 151.73 .