Eyes will be on the Bank of Japan JGB purchases due at 0110 GMT

When the Bank trimmed the amount they purchased of the long-dated government bonds a couple of weeks ago it kicked off the yen gains that have continued to today. In buying operations since the Bank has maintained amounts, perhaps trying to stem the freak0out.

For today, buying will be in the 1-3 and 3-5 year maturities.

Ahead of all that, though, here is the agenda.

2100 GMT - New Zealand - ANZ's Truckometer for December (this uses traffic flows as an indicator to economic growth)

  • Heavy index, prior +1.1%

2330 - Australia - Westpac's monthly measure of consumer confidence, for January

  • prior +3.6% to 103.3 and the 'optimists' getting the upper hand

Weekly and monthly consumer sentiment measures in Australia have been on the improve after a long run of poor results. The Reserve Bank of Australia will be keen to see if the improvement translates into stronger consumer spending

2350 GMT - Japan - Core Machinery orders for November

  • expected -1.4%, prior +5.0% m/m
  • expected -1.0%, prior +2.3% y/y

This indicator has been helping confirm economic recovery in Japan

0000 GMT - New Zealand - ANZ index of commodity prices for December

  • prior -0.9%

0030 GMT - Australia - Housing finance data for November 2017

  • Home loans m/m, expected flat at 0.0% change m/m, prior was -0.6%
  • Investment lending m/m, prior was +1.6%
  • Owner-occupied loan value m/m, prior was 0.0%

I'll have more to come on this separately

0110 GMT - Bank of Japan JGB purchases