Asian Markets Cautious Ahead of Bank of Japan Policy Decision on Yields
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Asian stocks waivered, yen wobbled as traders braced for Bank of Japan policy decision and potential yield curve control changes.
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Yen weakened but remained near 2-week high after report BOJ would consider yield curve control adjustments.
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BOJ expected to lift inflation forecasts and possibly raise 10-year yield control ceiling beyond current 1%.
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Asia-Pacific shares outside Japan edged lower, along with Japan's Nikkei. BOJ, Fed, and Bank of England meetings in focus.
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U.S. stocks rose over 1% overnight, lifted by interest rate sensitive megacaps. Earnings season halfway mark passed.