Asian shares are mixed in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in September.

Shares were mixed in thin Asian trading on Monday after U.S. stocks edged back from their all-time high. Oil prices fell and U.S. futures sank, while Chinese shares shed some of

Australian stocks opened higher, extending gains in the previous session. Futures show, Japan stocks to open higher. Taiwan, South Korea, Hong Kong and China markets are closed for Lunar New Year holidays.

The Dow Jones Industrial Average dipped 140 points, or 0.3%, and the Nasdaq composite sank 0.5%. Trading was quiet through the day, aided by relative steadiness in the bond market, which has been driving much of the action on Wall Street lately.

Economists polled by Reuters expect Australia’s inflation to rise 2.5% in the 12 months to the December quarter, from 2.8% in the previous year.