The latest BoJ monthly meeting finishes today and the market will be watching the statement language closely. The independence of the BoJ is being gradually encroached upon by the politicians and it will be interesting to see exactly what the BoJ has to say.
The RBA will also give their latest rate decision and any doubt that we are in for a prolonged period of pause will have been dispelled by yesterday’s inflation figures. They showed a monthly increase of around 0.2% and an annual rate of just under 3%, which is within the RBA band.
Good luck today.