)
Overnight, the yen rallied on Tuesday, reversing the previous day's late selloff against the dollar and euro after an official with the Group of Seven said it is worried about excess moves in the Japanese currency.
World stock markets edged higher and the Dow Industrials climbed within striking distance of an all-time high as investors looked ahead to President Barack Obama's State of the Union address on Tuesday evening.
The Dow Jones industrial average closed up 0.34 percent, at 14,019. The Standard & Poor's 500 Index .SPX ended up 0.16 percent, to 1,519. The Nasdaq Composite Index dropped 0.17 percent, to 3,186.
Japan's Nikkei share average edged lower on Wednesday as a pause in the yen's decline triggered profit-taking on stocks that have gained sharply such as exporters.
Heavyweights - Reliance, ICICI Bank are up half a per cent each and have contributed to the Sensex's upmove. NTPC, ONGC, ITC are up as well. However, Bank of Baroda, HUL, Hero MotoCorp are in the negative zone.
