Asian stocks were mixed on Wednesday as investors concentrated on central bank policy decisions in Japan and the U.S.
As widely expected, the Bank of Japan left monetary policy steady by a unanimous vote in its first meeting since the consumption tax hike on April 1. Attention now turns to the central bank’s semi-annual report, which is due at 3pm local time.
Later in the day, the U.S. Federal Reserve will end its two-day meeting in Washington, where policy makers are expected to announce a fourth cut in monthly bond purchases.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.