BOJ

Two weeks ago, we got the preliminary reading of Japan's Q4 GDP which widely disappointed economist expectations. The market, however, barely budged. The precipitous drop in Japan's economic growth was baked into the cake and was easy to… Read More

Traditional thinking in forex would suggest that if the yen is getting weaker, it's a sign that the markets are interested in taking on more risk. The idea is that the yen and risk are inversely correlated. But, what happens when the… Read More

It's normal to assume there will be a change in policy when an institution has a change of leadership. In fact, it's kind of unavoidable. Even for an institution like the ECB which has a mandate of maintaining stability, there are different… Read More

Rates Unchanged At its first policy meeting of the year, the Bank of Japan held rates unchanged. As expected, the bank voted 7–2 in favor of no action. Rates continue to sit at lows of -0.10%. JGB purchases unadjusted are at an annual… Read More

In its latest World Economic Outlook released yesterday, the IMF took investors somewhat by surprise. The institution once again downgraded its global growth forecasts. The downgrades come despite positive developments in the US/China… Read More

Tomorrow we have a host of important data coming out, primarily during the European session. And it could really rile up the markets! Somewhat ironically, the most important data, the BOJ Interest Rate decision, might not be as market… Read More

2019 has seen an unprecedented move towards lower interest rates around the world. Traditional economists would see that and assume there was some major financial crisis central banks were desperately fighting. Interest rates in… Read More

This week will see the continuation of central bank meetings, with the Bank of Japan and the Bank of England meetings on the docket. The meetings come at a time when some of the global risks are starting to show signs of progress. The… Read More

The Yen has been weakening gradually for several months with slowly increasing risk appetite as we keep getting hopeful signs from US-Chinese trade talks. More recently, on Monday, we got Q3 GDP numbers. These caught the market by… Read More

Dollar Down Ahead of FOMC Tomorrow The US dollar has been a little weaker over the European morning so far on Tuesday. Price action is likely to stay muted until tomorrow which sees US CPI data followed by the FOMC later in the day.… Read More