MORNING BID ASIA - Markets Buoyant, But Wary of CPI and Tariffs

MORNING BID ASIA -  May 15 (Reuters) - A look at the day ahead in Asian markets. Asian markets should open in upbeat mood on Wednesday as lower U.S. bond yields and a weaker dollar reflect expectations that the Fed will cut interest rates as early as September, but the apparent serenity could be shattered in a flash.

The most obvious flash point is April's U.S. inflation report after Asia closes on Wednesday - punchier-than-expected figures will force investors to rethink their Fed outlook, lifting the dollar and yields, and weighing on risk appetite.