The yen in Japan weakened to a nearly 38-year low, indicating that Asia-Pacific markets will likely open lower.

• On Wednesday, the Japanese yen reached a nearly 38-year low of 160.82 against the U.S. dollar, according to FactSet data.
• According to a Reuters poll of economists, Japan's year-on-year retail sales growth for May was 3%, higher than the market forecast of 2%.
• Investors in Asia will also look toward China's May industrial profit numbers.

On Thursday, Asia-Pacific markets were expected to open lower due to the weakening of the Japanese yen to a nearly 38-year low of 160.82 against the U.S. dollar, as reported by FactSet data.

Since the yen last breached the 160 level against the dollar two months ago, the Japanese government intervened in the currency market to support it, marking the country's first currency intervention since 2022.

In May, Japan's retail sales growth was 3%, exceeding the market forecast of 2%, as per a Reuters poll of economists. This represents a 1% increase from the revised 2% growth recorded in April.

On Thursday, China will release its May industrial profit numbers, which will be closely watched by investors in Asia.

The futures market in Japan is expected to have a stronger opening, with the Chicago contract at 39,405 and the Osaka contract at 39,420, compared to the previous close of 39,667.07.

The S&P/ASX 200 futures for Australia were at 7,689, which was below their previous closing price of 7,783.

The Hang Seng index futures in Hong Kong were lower than the HSI's last close at 18,089.93, standing at 17,947.

In the U.S., the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced gains overnight. The Nasdaq Composite was led by the shares, which recorded a significant 3.9% jump.

On Wednesday, the stock reached an all-time high and $2 trillion in market value for the first time, joining Apple, Alphabet, and Microsoft.

—CNBC's Hakyung Kim and Brian Evans contributed to this report.