Posted Jul 29, 0:49

Onto the Bank of Japan

Onto the Bank of Japan Chart
12 hours ago: 

The highly anticipated Bank of Japan decision is due around 22:00-23:00 Eastern (03:00-04:00 BST/London) and is expected by most analysts to issue a set of broad measures: i) raise annual JGB purchases to JPY 90-100 trn from JPY 80 trn, ii) boost ETF purchases to JPY 4.0-4.5 trn from JPY 3.3 trn, iii) cut policy rate from -0.1% to -0.3% to -0.4% and;  iv) cut the interest rate on reserves. This is not the first time that the majority of economists polled by Bloomberg and Reuters expect such aggressive measures. So why this time?

Click To Enlarge

PREMIUM INSIGHTS Update: Jul 29, 2:45
Fed Upbeat & Outsignalled Jul 27, 2016 22:31: 

The short message from the FOMC was: “We like the economy but we're done making promises”. The dollar was whipsawed on the announcement; the euro was the top performer and yen lagged. A low-key Asia-Pacific calendar is ahead as the BoJ looms.


Don’t Depend on Fed, Aussie CPI Next Jul 27, 2016 0:23: 

The Fed's longstanding commitment to data dependency will be put to the test at Wednesday's FOMC decision. The yen was the top performer Tuesday while the Swiss franc lagged. A pivotal Australian CPI report is due next. A 3rd yen trade was added last night.


The Strongest & Weakest