The dollar hovered near a 32-year peak above 149 yen on Tuesday even as it took a breather from a rally against other major peers, with traders bracing for possible further intervention by Tokyo to support its currency.

Asia stocks nudged higher on Tuesday as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the U.S. dollar took a breather at its lowest levels in more than a week as a revival in risk-taking lowered its appeal.

 Singapore's September non-oil domestic exports (NODX) grew 3.1% year-on-year, official data showed on Monday, slower than the previous month and missing forecasts due to declines in shipments for the Chinese and Hong Kong markets.

Goldman Sachs has downgraded Britain's economic outlook and warned of a deeper recession next year after Prime Minister Liz Truss last week removed Kwasi Kwarteng as chancellor and scrapped parts of their unpopular economic package.

The supply chain pressures that were so instrumental to driving up U.S. inflationary pressures at the onset of the coronavirus pandemic are waning.

Asian share markets slipped on Monday following another drubbing for Wall Street as investors brace for a further drastic tightening in global financial conditions, with all the risks of recession that brings.