Asian Stocks Up Ahead of Fed Rate Decision; US at Records After BOJ Hike
• Asian markets mostly higher ahead of expected Fed guidance on interest rates • Japan's markets closed for holiday after Bank of Japan raised rates for the first time in 17 years • U.S. dollar rose against Japanese yen due to interest rate gap between countries • Hong Kong, Shanghai, Australia, South Korea, and Taiwan stocks edge higher • U.S. stocks hit record highs Tuesday; focus now on whether Fed will signal fewer rate cuts this year