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The decision sent the yen plunging some 2% against the greenback and against other currencies shortly after, alongside Japanese government bond yields, which tumbled the most in two decades at one point on Wednesday.

U.S. officials, including Deputy U.S. Attorney General Lisa Monaco and Deputy U.S. Treasury Secretary Wally Adeyemo, will deliver remarks at 12 p.m. (1700 GMT) in Washington, according to the statement.

April was another possibility, she added, since by then the BOJ would have a new governor. "My guess would be that more speculators would look to build positions going into these meetings."

Sectorally, buying was seen in metals, capital goods, telecom, and consumer durables while selling was seen in utilities, auto and power stocks.

At the heart of the dispute is a bid from the Hinduja Group entity given 24 hours after the auction deadline (December 21), trumping the offer made within the stipulated time by Torrent Investments. While Torrent has offered an upfront payment of Rs 8640 crore, Hinduja offered Rs 8950 crore, including Rs 8110 crore as an upfront payment. However, both offers are below liquidation value.

In an exchange filing, Vedanta said that Rs 312 crore is set to be paid upfront, while the balance Rs 1,128 crore will be in the form of secured, unlisted non-convertible debentures (NCDs) issued by Meenakshi Energy, which will mature in equal instalments over the next five years.

The bank has been improving its core operating profitability led by strong sector tailwinds along with improvement in the credit cycle that is resulting into lower credit cost which should augur well for earnings trajectory and return ratios going ahead.

The stock has made a higher bottom formation, and with high volume participation, this stock is in an upward trend along with a rising RSI.

"There is this fear of recession, which we have not yet seen but it is sort of expected and stocks try to price that in."

Data showed that U.S. retail sales fell more than expected in December, pulled down by declines in purchases of motor vehicles and a range of other goods. They fell 1.1% last month. Data for November was revised to show sales dropping 1.0% instead of 0.6% as previously reported.