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What is the BoJ to do?

Asian FX remains hostage to the “big dollars” continuing attempt to turn stronger on the one hand and continuing resistance to currency appreciation from Asian central banks on the other. Next week is starting to feel like a big week for the BoJ. It looks like that rising political pressure from the diet could be putting Governor Shirakawa and company on the back foot. It seems that politics is arguing for a compromise with parliament by easing further at its 9-10 April policy meetings. This would be an obvious surprise to the market. However, if they do, it would probably occur as a further increase in its asset purchase program.

Below are some other highlights of the week:



AMERICAS Week in FX [1]

EUROPE Week in FX [2]



  • JPY releases its current account ahead of interest rate announcement
  • CNY is busy with Inflation, Trade and Growth data this week
  • NZD deliver Business Confidence while AUD release Employment
  • USD and CAD both bring Trade numbers
  • Inflation numbers are also released in USD along with Claims


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Dean Popplewell

Dean Popplewell [7]

Vice-President of Market Analysis at MarketPulse [8]
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

Latest posts by Dean Popplewell (see all [7])