The two dimensional incompressible MHD equations describing the decay of a random initial velocity field in the presence of a uniform magnetic background field are solved numerically by a Chebyshev spectral method. The nonlinear interactions of standing Alfvén-waves of a given energy are studied for various Reynolds numbers and field strengths of the magnetic background field. Small scale structures are generated by these interactions, which increase the energy dissipation, however, the uniform background field suppresses the production of arbitrary small scales. Thus energy dissipation is found to be insignificant at sufficiently high Reynolds numbers. Anisotropies of the fluctuating field components are also studied. In the temporal evolution they appear first in the magnetic field. This is explained by the conservation of mean square vector potential in the limit of infinite conductivity.