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Barclays expects BOJ to expand QQE in Oct 30

FXStreet (Bali) - Barclays now expects the BOJ to ease further on October 30 instead of their previous call for more QQE in April 2016.

Barclays attributed its new call to today's inflation expectations survey results, noting there is "risk that corporate inflation expectations have started to turn down."

Barclays expects the BOJ to boost annual monetary base expansion pace to 100t-110t yen (from current 80t yen) via more JGB purchases, extend average maturities of JGBs held and raising ETF buys, while cutting interest rate on excess reserves.

AUD/USD falls to session low, 0.70 eyed

AUD/USD has taken a sharp intraday five into 0.7010, session lows, after buyers felt overwhelmed by increased selling pressure above the 0.7050.
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AUD: Solid retail sales but trend remains modest with patchy outlook - ANZ

Research Team at ANZ, note that that the Australian August retail sales grew by a solid 0.4% m/m but the trend remains modest thereby suggesting that the outlook for retail is softening backed by the fact that there are increasing signs that growth in house prices and construction activity will slow. This will reduce the wealth and income effects from housing and contribute to slower growth in retail spending into 2016.
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