Asian stock markets were subdued on Wednesday while major currencies barely budged as looming euro zone meetings to discuss the Greek debt crisis overshadowed a firmer finish on Wall Street.
Euro zone finance ministers meet later on Wednesday and EU leaders on Thursday, but officials are already downplaying the chance of a breakthrough.
Moves were modest with trade thinned by a holiday in Tokyo, leaving MSCI's broadest index of Asia-Pacific shares outside Japan off a slight 0.03 percent.
Shares in Shanghai edged up 0.2 percent as pressure grew for more stimulus after a very low reading on inflation stirred fears of deflation.
China's central bank on Tuesday said it was ready to fight a downturn, while not taking excessive risks with credit creation.
Australia's main index slipped 0.6 percent even as a survey showing consumer confidence had surged to 13-month peaks in the wake of last week's cut in domestic interest rates.
The Dow had ended up 0.79 percent, while the S&P 500 gained 1.07 percent and the Nasdaq 1.3 percent.
Yields on U.S. 10-year notes were hovering at 1.99 percent having touched a four-week peak of 2.016 percent. The rise in yields helped keep the dollar supported at 119.45 yen, having climbed as high as 119.62 overnight. The dollar index was a tick lower at 94.655.
The euro struggled to find direction amid all the brinkmanship over Greece and last stood at $1.1325.