Most noticeable events on the calendar today
• The main event during Asia-Pac will of course be the Bank
of Japan policy decision, where markets expect no adjustment to rates, but some
are expecting the bank to announce a reduction in bond buying (which has been
well telegraphed and leaked so unlikely to be a big market mover unless they
reduce purchases by a massive amount).
• After that we get some final CPI numbers for
France. Since these are the final numbers and not the prelim (flash), it’s
unlikely to be a big deal for markets, especially with all the political
shenanigans in play right now (see this post from Adam on what happened)
• Then later during the US session we also have the
preliminary release of the University of Michigan Consumer Sentiment report, where
I suspect the bigger focus will fall on the 1-year and 5-year consumer
inflation expectations numbers, as have been the case in recent months.
Good luck out there!
This article was written by Arno V Venter at www.forexlive.com.
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