The yen falls further to ¥102.66 per dollar, down from ¥102.65 in the prior session. On Monday, Japan reported a record trade deficit of about $134 billion, triggering losses in the currency.
Most exporters gain on a weaker yen, as electronic component supplier Tokyo Electron advances 1.1%, construction equipment manufacturer Komatsu rises 0.9%. NEC Corp. gains 1%, Fanuc Corp. adds 0.6%, and Toshiba moves up 0.2%.
Among auto makers, Toyota is up 0.7%, Nissan Motor is up 0.5%, and Honda is up 0.1%.
However, financial stocks retreat, as Shinsei Bank tumbles 3%, Sumitomo Mitsui Trust Holdings falls 1.2%, Daiwa Securities Group loses 1.1%, Mitsubishi UFJ Financal Group drops 1%, and Dai-Ichi Life Insurance Company is off 0.3%.
In Australia, the benchmark S&P/ASX 200 index also get a lift from the U.S. stocks, trading up 0.4%.
Major banks are stronger, as Australia and New Zealand Banking Group rises 0.9%, Westpac Banking Corp. gains 0.8%, both Commonwealth Bank of Australia and National Australia Bank are up 0.5%.
However, miners are mixed, with Newcrest Mining decling 2.2%, Rio Tinto down 0.6%, Alcoa off 0.5%, while Alumina and BHP Billiton up 0.5% and 0.1% respectively.
Meanwhile, the Aussie strengthens against the U.S. dollar, up to 93.56 U.S. cents from 93.37 U.S. cents in the previous session.