Markets at large were awaiting more cues on major economies from a host of events due in the coming days

Most Asian currencies kept to tight ranges on Wednesday, while the yen recovered some ground after weakening sharply on Sanae Takaichi’s election as Prime Minister.

Markets at large were awaiting more cues on major economies from a host of events and figures due in the coming days.

The Bank of Korea is set to decide on interest rates on Thursday, while Japanese consumer inflation readings are on tap, as is purchasing managers index data from across Asia.

The yen firmed slightly on Wednesday, with the USD/JPY pair dropping 0.1%.

The pair had soared 0.8% on Tuesday after Takaichi’s confirmation as Japan’s first female prime minister.

Takaichi is widely viewed as a fiscal dove, and is expected to dole out more government stimulus and spending, as well as oppose any more interest rate hikes by the Bank of Japan.

Speculation over Takaichi’s premiership, after she was elected head of the Liberal Democratic Party in September, had battered the yen over the past month.

Separately, trade data for September showed Japan clocking an unexpected deficit, as exports rebounded less than expected while imports went past expectations.

Focus this week is squarely on Japanese consumer price index inflation for September, due on Friday. The figure comes just a week before a BOJ meeting, where it remains unclear whether the central bank will hike interest rates.

Broader Asian currencies tread water amid a dearth of major trading cues. The yuan’s USD/CNY pair was flat.

The won’s USD/KRW pair dropped 0.1%, with focus on the conclusion of a Bank of Korea meeting on Thursday. The central bank is widely expected to keep interest rates unchanged, amid a recent rebound in inflation.