OctaFX | OctaFX Forex Broker
Open trading account

BoJ: Likely to ramp up in quantitative easing – BNZ

FXStreet (Delhi) – Research Team at BNZ, suggest that after the recent spate of Japanese data and ECB, markets are suspecting the BoJ to ramp up in quantitative easing this Friday.

Key Quotes

“It’s a light week initially ahead of Thursday’s industrial production figures for September, followed by Friday’s data feast with the main interest in the September national CPI and Tokyo October CPI. Japan’s jobless rate and overall household spending growth are also being released on Friday.”

“Along with the CPI, main focus of the week will be in the BOJ monetary policy meeting outcome on Friday, the market suspecting that refashion growth and inflation forecasts in the bank’s semi-annual view will form grounds for a ramp up in quantitative easing, perhaps even more so now in the light of the recent ECB announcement.”

RBNZ OCR Preview: Likely to hold fire this time – ANZ

Research Team at ANZ, suggest that after three consecutive cuts, we expect the RBNZ to leave the OCR at 2.75% on Thursday and even though we still have another OCR cut pencilled in, but expect this further down the track.
Read more Previous

Yen strongest amid Asia risk-off, UK Prelim GDP – In spotlight

Today’s Asian session witnessed renewed bouts of risk-aversion across the financial markets, with the Japanese currency benefiting the most amongst safe-havens. While the riskier currencies such as the Aussie and the NZD were sold-off on the back of falling Asian equities.
Read more Next
Start livechat