Published at 02:18 (GMT) 23 Apr
BoJ Gov Haruhiko Kuroda says core CPI at 0% for now. Japan CPI seen reaching 2% inflation target in FY15; BoJ to continue QQE until 2% inflation stable, BoJ easing having intended effects. To watch risks and adjust BoJ policy as appropriate. Japan economy continuing gradual recovery.
NZ ANZ Roy Morgan consumer confidence +3.4% to 128.8 in April, from 124.6.
On FX, BoJ Kuroda still confident about hitting 2% inflation - despite saying that core CPI to be 0% for now. Focus on April 30 BoJ meeting - whether BoJ will lower inflation forecast or adjust any parameters.
USD/JPY at 119.97-00, hovering around 120.00, at 1-week highs. Offers at 120.10-20/120.50, bids at 119.80. Interest to buy on dips for more upside.
Though USD/JPY seen a tad capped today by NZD, NZD/JPY sales after dovish RBNZ McDermott comments - signalling RBNZ is open to rate cuts on weak demand and prices outlook. NZD/USD hit lows of 0.7587 from 0.7620-30. NZD/JPY down to 91 lows, from 91.60-70, vs the 3-month highs 92.30-40 seen on Wednesday. Highest level since Jan 12 93.10. Eye stops below 91.00, and then stops below 90.80. Some focus now on PM John Key - under some pressure for pony tail tugging incident (Search flows)
Focus on HSBC China Flash Manufacturing PMI at 0145GMT.
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