Asia stocks waver as investors nervously await Fed, BOJ - News Summed Up

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Asia stocks waver as investors nervously await Fed, BOJ


TOKYO (Sept 20): Asian shares edged lower on Tuesday, as investors nervously awaited the outcomes of two-day Federal Reserve and Bank of Japan policy meetings. "It's a lot of uncertainty, leading into the Fed," said Jennifer Vail, head of fixed income research at U.S. Bank Wealth Management in Portland, Oregon. Tokyo markets will be closed for another holiday on Thursday, with the highly-anticipated BOJ meeting sandwiched in between the market closures. Sources have said BOJ policymakers may consider deepening negative interest rates to show its determination to maintain an ultra-easy policy bias. Spot gold added 0.2% to US$1,315.84 an ounce, on expectations that the Fed will stand pat on rates.


Source: The Edge Markets September 20, 2016 00:45 UTC



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