Low impact releases coming in before BoJ press conference later

  • Japan Housing Starts y/y: -7.1% v -2.5% expected and 1.3% previous
  • Japan Consumer Confidence: 43.5 v 43.9 expected and 43.7 previous

Thoughts:

  • Data continuing to miss the mark in Japan.
  • It still remains all about the BOJ press conference at 06:30 GMT.
  • USD/JPY still all but flat for day.