I posted previews of the BOJ earlier, here are a few comments from BNP on the monetary policy meeting and then yen
BNP economists say their base case is for unchanged policy, no further easing today
- But hedge that by saying the probability for a move is close to 50%
BNP currency strategists say they remain bearish on the yen
- USD/JPY may rise above 120 if the Bank of Japan acts
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Earlier:
- Bank of Japan monetary policy meeting today and Friday
- BOJ meeting - preview from BoA/ML
and:
- Japan press - BOJ debate on global uncertainty, inflation - warrants more stimulus?
The Japanese data today:
- Japan data - Headline national CPI (December): 0.2% y/y (vs. expected 0.2%)
- Japan data: Overall Household Spending -4.4%, Jobless Rate 3.3%, Job-To-Applicant Ratio 1.27
