Intra-Day Market Moving News and Views
22 Jan 2016 01:28GMT
US/JPY - ...... Dollar continued its o/n gain New York session and climbed to an intra-day high of 117.95 at Asian open following dovish Reuters news report which came out ahead of Thursday's New York close.
Reuters reported the Bank of Japan is "taking a serious look" at expanding its monetary easing measures as sliding oil prices make it ever harder to reach its 2 percent inflation target, and a higher yen and falling stock prices would also loom large at the central bank's next two-day policy meeting on Jan. 28 and 29.
The Nikkei quoted one senior BOJ official as saying that sliding oil prices could depress inflation expectations among consumers. "Then we should consider additional easing," the official was quoted as saying.
While earlier Japan Financial Minister Aso said that they are closely watching the FX movements but won't comment on its levels, and stress that Japan economy's fundamentals are very strong.
With the declines in oil prices, Aso believed it is positive for Japan economy.
Data to be released on Friday:
Australia Westpac consumer confidence index, Japan manufacturing PMI flash, China business sentiment indicator, France manufacturing PMI flash, Service PMI flash, Germany manufacturing PMI flash, Service PMI flash, Euro zone manufacturing PMI flash, Service PMI flash, U.K. retail sales, public sector net borrowing, U.S. Chicago Fed national activity index, manufacturing PMI, existing home sales, CB leading indicator, Canada CPI and retail sales
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