Intra-day Market Moving News and Views
26 Jan 2016 02:04GMT
USD/JPY - ...... More on early comments by Aso, Reuters reported FinMin Taro Aso said on Tuesday that he hoped the Bank of Japan would continue with efforts to achieve its 2 percent inflation target but added that specific policy steps were up to the central bank to decide, and that Japan's fundamentals are not bad at all, falling oil prices are positive to economy .
"The BOJ has said it would not hesitate (to adjust policy) if necessary so we believe it is adhering to that stance," Aso told reporters after a cabinet meeting when asked about speculation over an imminent monetary easing. The BOJ holds its next policy review on Jan. 28-29.
Aso also expressed support for International Monetary Fund's chief, Christine Lagarde, who launched her campaign for a second term as managing director.
Data to be released on Tuesday:
Swiss exports, imports, trade balance, U.S. Redbook, caseshiller 20, housing price index, Markit service PMI and consumer confidence.
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