Asian markets traded mostly higher after minutes from the Fed indicated an unwinding of its balance sheet likely towards the end of the year.
U.S. stocks gained as minutes from the Federal Reserve signaled interest rates could rise in June. The S&P 500 added 0.2% to a fresh high.
Asian shares eked out modest gains on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signalled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.3 percent, with South Korea leading with a 0.4 percent rise. Japan's Nikkei (.N225) dipped 0.1 percent though MSCI Japan rose 0.4 percent in dollar terms .