Elsewhere, the focus is on Japan, where Prime Minister Sanae Takaichi is set to meet Bank of Japan Governor Kazuo Ueda later in the day.
Traders have been on alert to the threat of intervention from Japanese authorities as the yen keeps sliding to multi-month lows and past 155 per dollar, close to the levels that prompted a currency intervention last year.
Japanese Finance Minister Satsuki Katayama said on Tuesday she was "alarmed" by the "one-sided, rapid moves" in the foreign exchange market.
But their jawboning efforts this time are struggling for traction, undermined by Takaichi's promotion of advocates of big fiscal and monetary stimulus to key posts.
Japan is considering spending around 17 trillion yen ($110 billion) in Takaichi's first stimulus package, the Nikkei newspaper reported on Saturday.
Super-long Japanese government bonds (JGBs) have been hammered this week as concerns deepen over the country's increasingly expansionary fiscal stance, with the yield on the 20-year JGB rising to its highest since July 1999 on Tuesday.
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