Yen Rebounds, Asian Markets Mixed Ahead of Fed Rate Decision

The yen recovered from its previous losses as Asian markets awaited the Federal Reserve`s interest rate decision. While a quarter-point cut is widely expected, the possibility of a larger half-point cut is causing uncertainty among investors. The Fed`s economic projections and Chair Powell`s press conference are eagerly anticipated for further clues on future rate actions. Meanwhile, the Bank of Japan`s meeting later this week also holds significance for the yen`s trajectory. In other news, Chinese chip stocks surged following a reported technological advancement.