Asian Markets Cautious as Strong US Data and Geopolitics Stir Uncertainty

• Asian stocks fell and the dollar climbed as stronger US retail sales reinforced expectations that the Fed won't cut rates soon.

• Geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil.

• Focus turns to China's GDP data due today.

• Markets are pricing in September, not June, as the starting point for Fed rate cuts.

• The yen weakened to 154.39, leading to fresh worries over intervention from Japanese officials.