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Can the BoJ breath a little easier?

The BoJ is expected to keep its policy rate near zero and leave its asset buying program at Y55t at its two day meeting starting on Monday. Consensus has us believing that economic conditions from policy makers perspective has not changed. Unless something out of the ordinary happens this weekend in Europe, then we should be expecting the board members to maintain the existing framework.

As it seems to be the new norm for Central bankers, both the Euro and Iranian situation is expected to be discussed and debated. Can we anticipate the same message as before, that their economy is slowly returning to a moderate economic recovery path?

Below are some other highlights of the week:


Asia

 

AMERICAS Week in FX [1]

EUROPE Week in FX

 

WEEK AHEAD

  • JPY delivers prelim GDP and a rate announcement
  • GBP, USD and CAD present CPI and BoE its inflation report
  • Retail Sales come to us from NZD, USD and GBP
  • Claimant counts are announced in GBP, AUD and USD
  • Germany delivers the ZEW Economic sentiment
  • FOMC releases its minutes
  • USD has Philly Fed Manufacturing and PPI to deal with

 

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Dean Popplewell

Dean Popplewell [6]

Vice-President of Market Analysis at MarketPulse [7]
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell
Dean Popplewell

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