Japanese yen strengthens after touching 160 to the dollar; Asia stocks rise as Fed meeting looms

Traders look toward the Federal Reserve's meeting this week, following another hotter-than-expected U.S. inflation reading Friday., excluding food and energy, rose 2.8% from a year ago, and came in ahead of the 2.7% expected by Dow Jones. Personal spending rose 0.8%, ahead of a 0.7% estimate.

China reports its industrial profits data on a rolling year-to-date basis, and usually combines January and February economic data into a single reading. A European company known for its bitcoin mining operations has recently transformed its business model to focus on cloud solutions and data center infrastructure.

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