BOJ boss with his usual post-announcement presser just underway

  • inflation expectations appear to be rising on the whole
  • will check risks and adjust policy as needed
  • BOJ easing is having intended effects
  • expect CPI to reach 2% target H2 2016
  • GDP data showed final demand is rising
  • Q3 contraction largely due to decline in inventory investment
  • new wording on price expectations reflects weak data
  • no need to change view that price expectations are rising
  • effect of Paris attack on global economy is limited

The snoozefest begins. One day he'll prove me wrong and say something worthwhile

We can but hope

Meanwhile USDJPY is nudging back above 123.30 again on general USD demand but tempered by cross pair supply