Asian stocks waver, yen wobbles as BOJ takes centre stage

Watch onSINGAPORE - Asian equities eased on Tuesday, while the yen remained close to a two-week high as traders braced for the Bank of Japan's policy decision when it is likely to lift its inflation forecasts and ponder tweaks to its bond yield control.

"That said, the way foreign currency markets are behaving suggests any move today on YCC may only cap but not reverse the yen weakness," Chia said. Investor focus this week will mainly be on the major central bank meetings, with the U.S. Federal Reserve and Bank of England also due to meet along with BOJ.

"It is evident that the U.S. economy is operating at full throttle, marked by remarkably low unemployment levels. However, this level of growth also exacerbates the spectre of inflation," said Gary Dugan, CIO at Dalma Capital.

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