FXStreet (Mumbai) - The stocks on the Asian bourses are seen trading mixed, with the Japanese stocks rebounding, while rest of Asia extends in the red. Meanwhile, the Fed outcome due later today also keeps the markets cautious and adds to the subdued trading across Asia. Nikkei – the top performer The Japanese benchmark index, the Nikkei 225 jumps 2.40% to 17,117 and ends a 2-day decline as the industrial sector stocks led the advance in the index. The overnight bounce in the oil prices also lifted sentiment somewhat and boosted the energy and resource stocks. Meanwhile, USD/JPY trades -0.20% lower at 118.20 levels. The Australian markets re-opened on a negative note as falling expectations of RBA cut weighed on corporates. The latest above estimates headline CPI numbers from Australia reduced the chance of RBA going for rate cut in Feb to 6% from previous 19%. The CPI rose 0.4% over the October-December period, easing from the 0.5% in the September quarter but higher than forecasts of 0.3%. On the Chinese stock markets, negative sentiment continues to dominate and drove the region’s indices further into the red zone. The benchmark Shanghai Composite index trades at the lowest levels since Dec 2014 as concerns over increased capital outflows continue to weigh on investors’ minds. The index is down nearly -1% at 2,720. Shenzhen’s CSI 300 index falls -0.73%, while China A50 index trades muted around 8,800. For more information, read our latest forex news.