1. Asian markets mixed, eyes on Bank of Japan meeting. Asian markets were mixed Monday, with Tokyo’s Nikkei hit by a stronger yen and profit-taking after last week’s rally, while dealers await the outcome of a policy meeting at the Bank of Japan. Wall Street provided a strong lead, with the Dow and S&P 500 hitting more than five-year highs Friday after Republicans proposed a three-month increase to the US debt ceiling in order to agree a budget and long-term spending cuts. Tokyo’s Nikkei, which hit a 33-month high Friday, fell 1.52 percent, shedding 165.56 points to 10,747.74. Sydney closed up 0.13 percent, or 6.3 points, at 4,777.5.
2. Yen In Focus Before Bank Of Japan Meeting. The yen was in focus on foreign-exchange markets Monday as it recovered in Europe