Key events: no change from BoJ expected – Westpac

By FXStreet FXStreet (Guatemala) – Sean Callow, analyst at Westpac explained the key events ahead with the BoJ taking place.

Key Quotes:

“There is no fixed time as usual for the outcome of the BoJ meeting, though the statements this year have been released between 11:30am and 1pm Tokyo/1:30pm-3pm Syd. There is little tension over the decision with almost all forecasters seeing no change in policy. Even the Kuroda press conference isn’t likely to have an impact on USD/JPY. The 70 city China Nov property prices data is out at 12:30pmSyd/9:30 local. Oct data suggested that the price and turnover recovery in tier-1 and certain tier-2 cities is no longer broadening.

We hear from Richmond Fed president Lacker (hawk) on the economic outlook. He is the first of the FOMC members to speak after the Fed meeting and the Fedspeak schedule doesn’t look like it will pick up until the new year. Canada Nov CPI is expected to rise to 1.5% y/y, highs since last Dec.

Please note that this is the final edition of Asia Morning Thoughts for 2015.”
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Source:: FX Street