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Hong Kong - Asian shares were mixed Tuesday but Tokyo extended a recent rally after the yen hit a six-year low against the dollar.
In currency markets the pound struggled to recover from the previous day's sell-off fuelled by fears of Scottish independence.
Tokyo's gains came despite a soft lead from Wall Street, while overall Asian trade was quiet owing to public holidays in Hong Kong and Seoul.
Tokyo gained 0.28% to 15 749.15 and Sydney rose 0.55% to close at 5 607.9. Shanghai ended marginally higher, adding 0.10 points to 2 326.53.
Japanese exporters were the main winners in early trade, a day after the dollar broke above the ¥106 level for the first time since the height of the financial crisis in October 2008.
The dollar picked up in New York after Friday's disappointing US jobs data was put into perspective by another round of weak Japanese growth figures and anaemic Chinese trade statistics.
READ: US employment growth smallest in eight months
"I think we should conclude that the dollar-yen rate is breaking above ¥105 in a sign that suggests the market is factoring in expectations for further monetary easing on the Japanese side," said SMBC Nikko Securities strategist Chotaro Morita.
However, equities markets on Wall Street were less strong. The Dow eased 0.15% on Monday and the S&P 500 fell 0.31% while the Nasdaq edged up 0.20%.
John Kicklighter, chief currency strategist at DailyFX, said the dollar's latest rise was due "less to the dollar's own intrinsic merits and more to the exceptional weakness of its counterparts".
The dollar fetched ¥106.35 in Tokyo trading on Tuesday compared with ¥106.03 in New York.
The euro was under pressure after the European Central Bank last week announced a fresh rate cut and easing measures. The single currency bought $1.2872 - a 14-month low - and ¥136.89 against $1.2895 and ¥136.72 in New York.
READ: ECB cuts rates to repel deflation threat
The pound was stuck at a 10-month low against the dollar after tumbling on Monday in response to a survey showing a majority in favour of independence for the first time.
The British pound bought $1.6084, its weakest since November and well down from $1.6323 on Friday before the survey. The news has given a jolt to investors who had not envisaged a victory for the "Yes" campaign and so had not priced in the effects of a break-up of the UK.
READ: Sterling under pressure from Scottish vote
On oil markets US benchmark West Texas Intermediate for October delivery rose 48 cents to $93.14 while Brent crude for October was off 20c at $100.00.
Gold was at $1 253.52 an ounce, against $1 265.51 late on Monday.
In other markets:
- Singapore closed up 0.23 percent at 3 342.96.
Singapore Telecommunications eased 0.51% to Sg$3.90 while DBS Bank gained 0.66% to Sg$18.36.
- Kuala Lumpur's main index gained 0.16% to 1 874.12.
Utility Tenaga Nasional rose 0.6% to 12.54 ringgit, while Telekom Malaysia added 1.1% to 6.42. YTL lost 0.6% to 1.63 ringgit.
- Bangkok fell 0.10% to 1 583.18.
Coal producer Banpu slid 5.15% to 32.25 baht, while giant oil company PTT soared 4.19% to 348.00 baht.
- Jakarta ended down 0.94% at 5 197.12.
Indah Kiat Pulp and Paper lost 1.89% to 1 295 rupiah, while Bank Permata gained 1.03% to 1 465 rupiah.
- Wellington fell 0.34% to 5 243.70.
Air New Zealand was down 1.78% at NZ$2.21 and Spark slipped 0.65% to NZ$3.08.
- Taipei rose 0.29% to 9 434.77.
Taiwan Semiconductor Manufacturing was unchanged at Tw$127.0 while Hon Hai Precision was up 1.49% at Tw$102.0.
- Manila slipped 0.84% to 7 253.67.
Mumbai closed down 0.20% at 27 265.32.
