BoJ: Updated projections should reveal a less optimstic outlook - TD Securities


According to TD Securities analysts, the updated projections should reveal a less optimstic outlook in the Bank of Japan's meeting next week. "But, with financial stability concerns paramount, the BOJ will be loathe to make any major policy pronouncements at this time. Nonetheless, the BOJ will likely reinforce that it stands ready to provide more stimulus."

Previewing other macro events in Asia next week, TD Securities analysts note:

"Australia: We expect 1.9% y/y for headline CPI (mkt 1.5%) and 1.75% y/y for core (mkt 1.65%). Tobacco, housing and health are the main contributors, with the main drag from transport (i.e., fuel at -10% q/q) and communication (-0.3% q/q). Annual core inflation at 1.75% leaves the RBA on the sidelines, but a significant downside miss (-0.5pp) has been a trigger for a cut before (May 2016)."

"Indonesia: Low inflation, firmer IDR and some stabilisation in external conditions, point to a more confident outlook, paving the way for a rate cut, likely at the May meeting. Why not cut at this meeting? We think that Bank Indonesia will want to assess any change in government policies following the Presidential and Parliamentary elections that took place this week."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: risk-off taking over on trade war escalation

The American Dollar sold off Friday, following US President Trump´s anger discharge on Twitter. The pair soared to 1.1152, its highest for the week, to finally settle at around 1.1140.

EUR/USD News

GBP/USD: Johnson and Tusk engaged in the blame-game

The GBP/USD pair flirted with the 1.2300 figure late Friday, ending the week with substantial gains around 1.2280, backed by Brexit hopes and the dollar’s broad weakness.

GBP/USD News

USD/JPY: lower lows at sight on the run to safety

The USD/JPY pair sunk Friday, following US President Trump’s fury with China and Fed’s head Powell, as the market rushed into safety. US yield curve inverted again, fears of recession rule.

USD/JPY News

Gold gains more than $30, eyes 2019 highs on Trump’s tweet

Gold continues to rise sharply amid concerns about the impact of the escalation in the US-China trade war. The demand for safe-haven assets emerged over the last hours, leading to a rally in the yellow metal. 

Gold News

Powell powerless against Trump's trade wars – US braces for recession, USD set to move

"The most powerful central banker in the world" – is how we and others characterize Fed Chair Jerome Powell. While that may be true – monetary policy is reaching its limits – especially in the face of a trade war.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •