2014.06.0400:08:12UTC+00Asian Shares Stable as Growing US Economy Boost Dollar

Asian shares kept stable from its incline yesterday as US Treasury yields continue to rise to support the dollar. Meanwhile, the euro stayed in hot water as anticipation for the European Central Bank to ease monetary policy nears fruition.

Japan's Nikkei 225 gained 0.1% to achieve its 2-month high close on Tuesday. The weaker yen helped in driving the stock average to higher levels.

The ten-year Treasury yields endeavored to stabilize at 2.593%, an improvement from last week's 11-month low. MSCI's broadest index of Asia-Pacific shares excluding Japan was near last week's one-year high and had little change.

Predictions on an improved second quarterly economic data are coming in as manufacturers got its continuous rise in factory goods orders for the third straight month in April while in May, vehicle sales went up. The jobs data that will come out on Friday would also help in determining the growth in the US economy, whether it'll continue to rise as payroll report comes in. Reuters conducted a survey on 105 economists that speculate some 218,000 jobs will be added to employers all over the nation.

These continuous rise in yields are steadily pushing the dollar onward as it closes to a one-month high versus the yen at 102.59 yen per dollar.

The ECB meeting on June 5 has the investors on guard as its announcement's effect will determine what direction the market will take.