India, March 20 -- The Japanese yen continued to weaken against other major currencies in the Asian session on Wednesday, as Asian stocks traded higher after the monetary policy announcements from the Bank of Japan, People's Bank of China and the Reserve Bank of Australia. They are also cautiously looking ahead to the U.S. Fed's monetary policy decision later in the day.
The Bank of Japan ended 8 years of negative interest rates, making a historic shift with the first-rate hike in 17 years.
The Fed is widely expected to leave interest rates unchanged, but the central bank's accompanying statement could have a significant impact on the outlook for rates. Fed Chair Jerome Powell and his colleagues will update their economic and rate project...