OctaFX | OctaFX Forex Broker
Open trading account
Back

Uncertainty over Japan sales tax hike persists going into GDP release – TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Research Team views the market bias tilting heavily towards the release of Q3 preliminary GDP the coming Sunday evening.

Key Quotes

“Market bias should tilt much more heavily in one direction or another after the release of Q3 preliminary GDP this coming Sunday evening - a disappointing figure should seal the delay, while an upside surprise will support the case for a hike on schedule.”

“Today's Nikkei report indicated Abe is close to make a decision, with primary factors being the GDP report and subsequent meetings with economic advisors - the last of which should be done by Tuesday.”

“Today, USD/JPY retested 116 handle for a 7-year high after fiscally conservative Fin Min Aso acknowledged "stalling" private consumption in spite of improvement in employment and investment. Econ Min Amari also indicating a delay remains possible, warning that economic stimulus steps may be needed if the hike is pushed back.”

BoJ and GPIF implications on Asian currencies – ANZ

Research Analysts at ANZ view three key channels through which the additional BoJ easing and shift in GPIF asset allocation could impact Asian currencies: trade, portfolio and FDI flows.
Read more Previous

Bund Another strong rebound from Imoku 1 support – Commerzbank

Karen Jones, Head of Technical Analysis at Commerzbank sees Bund dips well supported by the 151.24/25 Imoku 1 level.
Read more Next
Start livechat