SYDNEY (Reuters) – Asian shares were mixed on Tuesday and currencies held tight ranges as nervous investors awaited several key central bank meetings that could set the tone for risk appetite heading into next year.
MSCI’s gauge of Asia-Pacific shares outside Japan recovered early losses to be 0.8% higher at 0128 GMT, with Japan’s Nikkei edging 0.2% lower and Australia’s S&P/ASX 200 down 0.6%.
The immediate focus was on the Reserve Bank of Australia’s (RBA) meeting on Tuesday, with the Federal Reserve and Bank of England due to hold their policy decisions later in the week.
“All eyes for us are on the RBA,” said Adam Dawes, an investment advisor at Shaw and Partners Ltd in Sydney.
“We expect the language will definitely start to change to be more accommodating for interest rate rises, or at least accommodating…