The yen firmed on Thursday, returning towards a four-month peak against the dollar hit earlier in the week after the Bank of Japan's surprise tweak to its bond yield control spurred bullish yen bets, while the dollar moved broadly lower.

Asian stock markets rose on Thursday, with major bourses snapping a five-day losing spree as optimism over stronger-than-expected U.S. consumer confidence data boosted Wall Street indexes, providing a strong overnight lead-in for regional bourses.

Oil prices climbed for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States and travel is set to soar for its holiday season.

In November 2022, the world production recorded a 2.7% growth to 1.389 million tons as compared to 1.426 million tons in last November. While world demand is estimated at 1.301 million tons, increased 0.6% from 1.294 million tons during the same reference period. 

The yen hovered around a four-month high against the dollar on Wednesday as traders contemplated the shock move by the Bank of Japan to adjust its bond yield control programme and potentially open the door to move away from its ultra-easy monetary policy.

Oil prices crept higher on Wednesday as data signaled a bigger-than-expected weekly draw in U.S. inventories, although concerns over adverse weather conditions weighed on the outlook for near-term demand.