By Shinichi Saoshiro
TOKYO (Reuters) - Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday's closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank's policy meeting.
MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) shed 0.4 percent with Thai, Malaysian and Chinese stocks posting losses.
Still, optimism stemming from widespread monetary easing supported the region's other stock markets.
Japan's Nikkei (N225) edged up 0.2 percent and South Korea's Kospi (KS11) was up 0.2 percent.
"Foreigners are continuing their buying spree on the back of increased global liquidity after quantitative easing by the ECB," said Lee Kyung-min, economist at Daishin Securities Co in Seoul.
In line with such gains spreadbetters forecast a slightly higher open for Britain's FTSE (FTSE), Germany's DAX (GDAXI) and France's CAC (FCHI).
Risk asset markets, shored up by liquidity provided by easing-minded central banks around the world, will have a chance to confirm the ECB's easing stance when it holds a policy meeting later in the session.
The ECB, which starts its quantitative easing (QE), or bond-buying, program of more than 1 trillion euros this month, is expected to detail the plan after the meeting.
Edgy before the ECB's announcement on details of its QE scheme, the euro fell as far as $1.1055
"This (ECB 1 trillion euro program) would not be so euro negative if the Federal Reserve were doing the same thing but not only did the U.S. central bank end its QE last October, but they are looking to take the next step and raise interest rates," said Kathy Lien, managing director for forex strategy at BK Asset Management.
"It is the reminder of this divergence that has driven EUR/USD to fresh 11-year lows."
The euro's weakness helped the dollar index (DXY) rise to a new 11-year high of 96.114.
Expectations that the Fed would raise rates as early as summer have fueled the dollar's recent rally.
The global markets will look to Friday's U.S. jobs data for further confirmation that the world's largest economy is recovering enough to justify a rate hike.
Economists polled by Reuters projected U.S. payrolls grew 240,000 in February, following growth of 257,000 in January.
The dollar rose 0.2 percent to 119.855 yen <JPY=>, still some distance from a three-week peak of 120.27 struck earlier in the week thanks to a spike in U.S. Treasury yields.
The 10-year Treasury note yield (US10YT=RR) was at 2.117 percent after edging up to a two-week high of 2.142 percent overnight.
The Australian dollar received a slight lift when the Reserve Bank of Australia's deputy governor said the currency was much closer to an appropriate level than it has been for the past few years.
The Aussie was up 0.1 percent at $0.7825
In commodities, U.S. crude oil