Tag Archives: BoJ
US Morning Update
The tone in global equities (Nikkei excluded) was generally ‘risk-off’, with modest declines partially spurred by more evidence that the PBoC is in the process of tightening monetary conditions.
Low Swedish inflation increases rate cut pressure
Swedish inflation data released this morning was lower than expected. CPI declined 1.2% m/m and 0.2% y/y in January, which is 0.3 percentage points below the Riksbanks forecast both on m/m and y/y numbers.
The Global Macro Pulse
USDJPY and the Nikkei rallied in response to the Bank of Japan extending and increasing the size of its subsidized loans to banks.
BOJ Keeps Policy
The Bank of Japan said on Tuesday that its board decided by a unanimous vote to leave the bank’s policy target unchanged, thus maintaining the pace of its large-scale financial asset purchases.
FX Daily: Japan’s BoP, flows and NISA as USD/JPY supporters
We see Japanese money helped curb the upswing in the yen after the emerging market (EM) shock in late January.Japan posted a C/A deficit of ¥638.6bn in December,
JPY Mid-day Analysis
BOJ comments overnight suggest that the Japanese economy is recovering and that Japan will be able tohit its 2% inflation target and that could underpin the Yen. However, with somewhat higher US equities and
Weekly Overview
To help Kiwi businesspeople and householders make informed financial decisions by discussing theeconomy and its implications in a language they can understand.
Weekly Forex Report
Despite long-term range, an upside trading opportunity is eyed We question if the near 30% appreciation of the Chinese Yuan versus the US Dollar since 2005 might partially reverse over the course of the year.
China: What rebalancing?
The Chinese economy ended 2013 with a real growth rate of 7.7%, the same as in 2012. While this more than met the government’s full-year target of 7.5%, growth was soft by historical standards,
The Global Macro Pulse
AUD has been the big mover so far, rallying 0.7% to 0.886 following a much stronger than expected inflation report. This pushed AUDNZD higher to 1.0656.
If the BoJ takes no additional easing
Market crossroads would be the yen to depreciate when BoJ does not easefurther, strengthen when it does.The BoJ is holding a Monetary Policy Meeting on 21-22nd January.
Japan: BoJ on hold but keeps options open
The BoJ maintained its monetary policy unchanged today but keeps its options open, so additional easing in 2014 cannot be dismissed. But the BoJ will likely increase pressure on the government to