Japanese Yen is Disappointed With BoJ

Market Reviews

Bank of Japan has once again stood pat and left the rate at -0.1%. 10 year JGB yield’s aim stays near 0%. Annual level of asset purchase is still at 80 trillion yen. Members marked improvement of a private consumption. This statement was a little more optimistic than the prior one. Still, yen is trading as the softest. Dollar/Yen was lifted by recommencement of the US treasury yield.

The greenback and Pound have slightly strengthened. But, such strong currencies as loonie overshadow the two. As we know, Theresa May is planning to begin Brexit negotiation in three days. On Monday, EU representatives has sent the positioning papers to London. And Britain has to send the document from its side. Party divergence between Conservatives and Labours remains a significant problem.

New Zealand business NZ manufacturing index lifted to 58.5 in prior month. Eurozone will announce Final Consumer Price Index, the US will publish housing starts, building permits, labor market conditions index and U of Michigan consumer sentiment.