MANILA, Philippines (AP) — Asian shares were mixed on Thursday after days of gains driven by hopes for lower U.S. interest rates, while U.S. futures slipped.

Bitcoin rose more than 3% to a new record of over $123,000, according to CoinDesk.

In Tokyo, the Nikkei 225 fell 1.3% to 42,705.36 as investors sold to lock in recent gains that have taken the benchmark to all-time records.

The Japanese yen rose against the dollar after U.S. Treasury Secretary Scott Bessent said in an interview with Bloomberg that Japan was “behind the curve” in monetary tightening. He was referring to the slow pace of increases in Japan’s near-zero interest rates.

Low interest rates tend to make the yen weaker against the dollar, giving Japanese exporters a cost advantage in overseas sales.

The dollar fell to 14

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