Asian equities down slightly, FX sideways in thin trading
– Japan’s trade data disappoint again
– Data heavy week ahead
What to watch for this week
USD: A tamer FOMC meeting. This week’s FOMC meeting is likely to be a tamer affair than the previous two closely watched gatherings. With Operation Twist and the latest MBS purchase program slated to continue through yearend, it is probably too early to signal the Fed’s next set of policy plans. Our economists note that this meeting will likely focus on communications issues, but they are not anticipating this resulting in new forward guidance as soon as this week.
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Credit Suisse