Asian stocks were broadly lower on Friday and U.S. equity futures struggled for direction as investors fret about the war in Ukraine, Covid-19 lockdowns in China and the Fed's plan for aggressive policy tightening.
The dollar extended gains against the Japanese yen after Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank is "behind the curve" on interest rates and he favors raising policy rates to 3-3.25 percent in the second half of 2022.
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