(Updates as of 1430 ET)

By Alden Bentley and Amanda Cooper

NEW YORK/LONDON, March 26 (Reuters) -

Wall Street eked out gains in line with other global share

indexes on Tuesday and the yen was hovering not far above 2022

intervention levels after jawboning by a Japanese official to

deter yen shorting since last week's monetary policy tightening.

Treasury yields were little changed reflecting muted

trading across asset classes ahead of Good Friday, when U.S.

markets and many other financial centers will be closed.

The S&P 500 was up 10.91 points, or 0.21% at

5,229.10.

MSCI's gauge of stocks across the globe

rose 1.70 points, or 0.22%, to 781.15.

"It's an interesting dynamic, and this holds every time

we have a Fed meeting - the next week tends to have a quieter

tone to it. Especially a holiday-shortened week like we have

here, and the amount of data influence is going to be lighter,"

said Art Hogan, chief market strategist at B Riley Wealth in New

York, referring to the Federal Reserve.

"That's attracting the sideways movement we've seen."

The STOXX 600 index rose 0.24%, while MSCI's

broadest index of Asia-Pacific shares outside Japan

closed 0.28% higher.

In the spotlight was the yen, which has been

trading close to its weakest against the dollar since 1990, even

after the Bank of Japan raised interest rates last week for the

first time in 17 years.

The dollar barely strengthened 0.01% to 151.42 yen,

facing the risk of Japan intervening to prevent further falls in

the Japanese currency. Dollar/yen rose to 151.94 in October

2022, before intervention pushed it lower.

Japanese Finance Minister Shunichi Suzuki said on

Tuesday

he would not rule out any measures

to cope with the yen's weakening, echoing a warning from

Tokyo's top currency diplomat the previous day.

The dollar weakened 0.07% at 7.247 versus the

offshore Chinese yuan, which was supported after a

stronger-than-expected fixing of its trading band.

Markets were unsettled by a sharp drop in the yuan on

Friday, after months of tight trading, and some speculate China

is loosening its grip on the currency to allow it to fall.

"We've got changing sands in the FX market. You've got

threat of intervention from Japan ... and from China. It's good

to see that they do actually care about the economy and they are

willing to step in. It's not quite the stimulus we want, but

they are saying 'enough is enough now, we do need to worry about

our deflation'," XTB research director Kathleen Brooks said.

A 14% decline in the yen's value over the last 12 months

fed a surge in Tokyo's Nikkei index to record highs in

recent days, even though it slipped 0.04% on Tuesday.

MIXED OUTLOOKS

Last week, the Federal Open Market Committee left U.S.

interest rates where they were and the FOMC's median dot plot

projections showed no change to the previous projection of three

rate cuts this year, despite a strong economy and sticky

inflation.

Confusing the picture somewhat on Monday, while Chicago

Fed President Austan Goolsbee said he had pencilled in three

rate cuts this year, Fed Governor Lisa Cook urged caution and

Atlanta Fed President Raphael Bostic reiterated Friday remarks

trimming his expectations to one cut.

U.S. interest rate futures price about three Fed rate cuts

this year and about a three-in-four chance of the first cut in

June.

U.S. yields edged up after a report showing orders for

long-lasting U.S. manufactured goods increased more than

expected in February, while business spending on equipment

showed tentative signs of recovery, boosting the economy's

prospects in the first quarter.

They retreated slightly after the Treasury auctioned $67

billion in five-year notes to solid demand.

The yield on benchmark U.S. 10-year notes

was off 1.5 basis point at 4.238%. The 2-year note

yield, which typically moves in step with interest rate

expectations, was 1.2 basis points firmer at 4.5993%.

The week's most important data, the February Personal

Consumption Expenditure Price Index, comes at the end of the

week when hardly anyone is around to watch.

The federal government is open on Good Friday, but bond

and stock markets are closed, so any trade reaction will come on

Monday.

U.S. crude futures settled 0.4 % lower at $81.62

a barrel and Brent settled 0.58% lower at $86.25 per

barrel.

Spot gold added 0.26% to $2,177.19 an ounce. U.S.

gold futures gained 0.09% to $2,176.80 an ounce.

Bitcoin fell 1.09% to $70,182.00. Ethereum

declined 1.33% to $3581.82.