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Yen, Asian shares mark time before BOJ decision

The msci asia-pacific shares outside of Japan. The most widely MIAPJ0000PUS index rose 0.1%. The index was down on Monday in a short contact 17-1/2 - month high, Malaysia stock market had the biggest drop in 16 months of election risk.
European stock markets rose on Monday, after nearly two years high, investors to the European economy continues to improve. "Wall Street is closed Martin Luther King.
The Australian stock market. A new AXJO twenty months high as early as Tuesday rose 0.5%, while the Korean stock market KS11 open almost flat.
China securities indu Nikkei opening up 0.2%. Nikkei index in the past two trading day, the Japanese yen unrest intensifies, the bank of Japan meeting, facing the choppy trading. Tokyo stock market has been on the rise, as against the major currencies exchange rate decline. The nikkei fell 1.5% on Monday, investors profit taking index on Friday the 2.9% increase.. t
Early on Tuesday, the dollar fell 0.1%, slightly against the yen in 89.51 yen, in contact with a new two and a half years high 90.25 yen on Monday. The euro 0.3% to 119.11 yen, shut down its peak since May 2011 120.73 hit (Friday).
The market price for the central bank to raise its assets purchase and loan programs, and another 10 trillion yen, doubled to 2% of the inflation target. The bank of Japan will be announced after the interest rate decision to end its two-day meeting later on Tuesday.
Sean carlo, senior foreign exchange strategists in Sydney west Pacific bank, points out that the more uncertainty decision-making, open to alleviate and eliminate short-term interest rates of 0.1% on the floor of the hype.
USD/JPY the biggest risk is cautious 10 trillion yen increase the purchase of assets and not many people new reserve 2% target. The best case, the dollar/yen long increase the quantitative easing monetary policy, until a member of any quota commitment to achieve the goal of inflation, "carol in a research report said.
Here is a perception of the market, even if investors cut their yen short position over the bank of Japan, the yen results disappointed rebound may be limited, is the relative decline 13% against the us dollar and a 20% decline, the euro in the past two years months, mainly due to the more positive the bank of Japan loose policy expected, promote Japan out of the years of deflation and economic support.
The overall market sentiment may support a compromise of signs, in order to avoid financial crisis in the United States.
In the United States house republican leaders have arranged for nearly four months of delay, the lending ability, the purpose is to avoid in the upcoming federal debt ceiling struggle, and their bargaining chips, to cut back on spending, other financial period last Wednesday vote.
The German central bank said on Monday the German economic recession is short, to join the euro zone's largest economy may have been out of the valley floor.
Us crude oil futures fell 0.2%, to $95.35 a barrel.



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