The Bank of Japan two-day meeting concludes today. And, ladies and gentlemen, there is no scheduled time for their announcement
Past experience suggests we can expect it in the 0230GMT to 0330GMT time window.
In fact, check this out ... the recent timings of the announcement after the meeting:
2015
21 January 12.29pm 0329GMT
18 February 11.49am 0249GMT
17 Mar 12.04pm 0304GMT
8 Apr 12.36pm 0336GMT
30 Apr 1.04pm (one day meeting) 0404GMT
22 May 11.49pm 0249GMT
19 Jun 12.04pm 0304GMT
15 Jul 12.18pm 0318GMT
7 Aug 12.18pm 0318GMT
15 Sep 12.07pm 0307GMT
7 Oct 12.00pm 0300GMT
30 Oct 12.22pm (one day meeting) 0322GMT
19 November 2015 12.17pm 0317GMT
18 December 2015 12.51pm - added tiny easing 0351GMT
-
2016 (so far)
29 January 12.38pm 0338GMT - added easing (negative interest rate)
15 March 2016 1235pm 0335GMT
28 April 2016 12.01pm 0301GMT
16 June 2016 11.45am 0245GMT
As a general guide (a not perfect one), the later the announcement comes, the more likely the bank is to be changing policy. So, if time is ticking by and we haven't had any word from the bank you'll start to see the yen respond as if there is more easing coming. Again ... that's not a perfect guide, but there you go.
OK, to sum up, in brief .... 0230 to 0330 GMT
Prior to the announcement we get loads of data:
- 2330GMT - Japan data, CPI and more, see link here
- 2350GMT - Japan data, IP and more, see link here
What to expect from the BOJ announcement? Here is the latest:
- There will only be three key moves over the BOJ
- USDJPY levels to watch over the BOJ
- USDJPY keeps on trucking as the BOJ expectation rises
- Here's the details of Japan's MOF/BOJ statement draft
- Japan's MOF has prepared a draft statement in the event of BOJ action - Reuters
- What to expect from the Notorious BOJ? - Credit Suisse
