Markets remain quiet and in consolidation mode ahead of the NA session following an on-hold BoJ meeting and un-changed tone from policymakers at the BoE and ECB and as PBoC Gov. Zhou underscored the multi-year time frame for interest rate liberaliza-tion. AUD and NZD are the sole outperformers as JPY is flat and as CAD, GBP and EUR are down vs the USD. The lack of high level US releases suggests a relatively quiet NA session as well, with second-tier JOLTs labor market turnover data as well as wholesale inventories and whole-sale trade. There are no scheduled Fed speakers.
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Scotiabank