Asian stocks remain in flux ahead of Fed statement

The Federal Reserve's policy statement remains on people's minds as Asian markets remain mixed Wednesday.

Despite rallying to record highs, stocks have dipped this week as investors wait for corporate earnings reports to forecast future growth. The Federal Reserve, which will end its two-day meeting on Wednesday, are expected to boost the economic outlook in its statement after the recent positive signs in the labor market and economy.

Here's where the American markets stand ahead of opening bell:

Dow Jones: -.10%

S&P 500: +.03%

Nasdaq: +.24%

Hong Kong’s Hang Seng index fell after Tuesday's gain, dropping 0.2% to 22,085.99, while the Shanghai Composite Index rose 0.4% to 3,029.51. Tokyo's Nikkei 225 increased 1.7% to 16,664.82 as Sydney's S&P-ASX sunk again to 0.1% to 5,537.20.

Shares in Tokyo jumped Wednesday after a local news agency reported Japanese Prime Minister Shinzo Abe was planning to infuse about 27 trillion yen ($254 billion) in stimulus to revive his nation's stagnant economy.

The U.S. dollar gained to 104.41 yen from Tuesday's 104.85, while the euro climbed to $1.0992 from $1.0987.

Contributing: Nathan Bomey and Associated Press