Asian shares edged lower on Tuesday as investors nervously awaited the outcomes of two-day Federal Reserve and Bank of Japan (BOJ) policy meetings.
“The market is more nervous about the BOJ than the Fed as it may give the market a surprise,” said Yutaka Miura, a senior technical analyst at Mizuho Securities.
Global markets have been blowing hot and cold in recent weeks over the Fed’s intentions, which remain far from clarified after both hawkish and dovish comments from several Fed officials.
The consensus is that the Fed will leave interest rates unchanged at the end of its meeting on Wednesday, with investors focusing on the statement as well as Chair Janet Yellen’s speech for clues on the timing of the central bank’s next interest rate increase.
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