Asian shares subdued as China trade eyed, yen steadies after recent falls

's broadest index of Asia-Pacific shares outside Japan rose 0.1%, hovering not far from a 15-month high hit earlier in the week after reiterated a stance for policy easing later this year.

Investors will be focusing on the U.S. consumer inflation data for April due next Wednesday after three straight prints of upside surprises for a better sense of the direction of the Fed's policy.

rose 0.6% and gained 0.7% thanks to a 2% bounce in and a recovery in Chinese property developers.

The CSI real estate index rose 0.9%, recouping some of the large losses a day earlier.

Japan's Nikkei rose 0.3%. Nasdaq stock futures eased 0.1%, dragged lower by Uber, which fell 5.7% overnight as the ride-sharing company issued a downbeat forecast after a surprise quarterly loss.

"A first rate cut by the Riksbank has not been enough to further push the bullish sentiment. Eyes are on the Bank of England," said analysts at ING in a note to clients.

"Since Powell's dovish stance just last week, markets will listen carefully for a similar direction as the Fed. This also means that markets may face a surprise if a similar turn towards more dovishness is not reflected in this BoE meeting."

The Japanese yen steadied at 155.56 per dollar after falling for three sessions. It rose more than 3% last week after Japanese authorities likely intervened in the market twice to stem its fast declines.

On Thursday, the top currency diplomat Masato Kanda said there is no limit for reserves in currency intervention, keeping traders on edge, while minutes from the 's April meeting showed policymakers turned overwhelmingly hawkish, helping the yen steady.

However, Japan's real wages in March fell 2.5% from a year earlier, marking declines for two years, an argument for policymakers to not hike aggressively.

In the Treasuries market, yields were little changed after edging up the day before, with movements likely to be muted ahead of the U.S. inflation report next week. Two-year yields held at 4.8449%, while the 10-year yield was at 4.4963%, having risen 3 basis points overnight.

Oil prices were slightly higher on Thursday, having bounced off two-month lows the previous session. Brent futures rose 0.2% to $83.76 a barrel, while U.S. crude gained 0.3% to $79.24 a barrel.

Gold prices were 0.1% higher at $2,311.23 per ounce.