Micron Earnings Send Asian Markets Soaring

Asian markets experienced a strong rally on Tuesday following the release of Micron's earnings results and a weakening yen. The Nikkei 225 in Japan surged 2.89 percent, while South Korea's KOSPI rose 0.9 percent driven by demand for tech stocks.

The yen is weakening despite a hawkish tone from the Bank of Japan (BoJ), with USDJPY rising near 158.30. US Treasury yields also rose despite a lower inflation reading due to recent GDP revisions.

Wall Street futures rebounded sharply, driven by strong earnings results from Micron. The Dow Jones fell 0.86 percent yesterday, but this morning's futures are up approximately 0.94 percent.