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Asian Shares Rally On US Rate Relief, Yen Jumps

Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo

Asian shares rallied on Tuesday following relief over the US Federal Reserve's decision to keep interest rates unchanged. This news boosted investor sentiment and led to gains in major stock markets across the region.

The positive market sentiment was also supported by reports of potential monetary policy easing by the Bank of Japan. Speculation about further stimulus measures from the BOJ caused the Japanese yen to jump against the US dollar.

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