ASIA OUTLOOK: Regional stock markets are biased up Friday after the Fed's plans to stimulate the U.S. economy sent U.S. stock markets to fresh multi-year highs Thursday. The Fed will buy $40 billion worth of mortgage-backed securities a month, and is willing to take more action if the labor market doesn't improve, its policy-setting committee said Thursday. The Fed also extended an existing stimulus effort known as Operation Twist and said they expected to keep short-term interest rates near zero until at least mid-2015. In FX markets, the USD may extended it losses after falling to a four-month low against the EUR Thursday on the back of the Fed's plan to stimulate the U.S. economy. The EUR/USD is at 1.2986 from 1.2987 late Thursday in New York, the EUR/JPY is at 100.71 from 100.69, and the USD/JPY is at 77.55 from 77.48. On the data slate there's Singapore's July retail sales at 0500 GMT and India's August WPI at 0530 GMT. In Europe there's eurozone August harmonized CPI, while in the U.S. there's August CPI, August advance retail sales and August industrial production & capacity utilization.
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