Markets Rally on Lower Oil Prices, Despite Japan-US Currency Intervention Uncertainty

The global markets were generally higher on Tuesday following a rally on Wall Street that was fueled by declining oil prices.

The Dow futures rose 0.1% to 53,409.00, while S&P 500 futures gained 0.2% to 7,644.00.

In Asia, Japan's Nikkei 225 climbed 0.3% to close at 63,957.53 as the U.S. dollar reached 157.80 Japanese yen from 157.18 yen earlier.

The recent joint currency intervention by the US and Japan is still being weighed by investors, with some analysts questioning its effectiveness in addressing underlying economic factors such as inflation and interest rates.