On the agenda today
2100 GMT - New Zealand - job ads - see Greg's post here: ANZ job advertisements December fell -0.3% vs. revised -0.3% decline last month
2350 GMT - Japan official reserve assets for December
0030 GMT - Australia - retail Sales for November
- expected +0.4% m/m, prior +0.5%
I'll have more to come on this separately
0110 GMT - Bank of Japan JGB purchases: 1-3 years, 3-5 years, 5-10 years.
It was the operation on Tuesday that kicked off the big slide in yen crosses when the BOJ bought few JGBs than it had previously:
Tuesday:
- Bank of Japan cuts its purchases of JGBs today
- USD/JPY selling off - follows BOJ reducing JGB purchase amount
- 'Minor tweak' from the BOJ and the yen gain, but just wait until the real thing
- The spike in JPY today only a taste of what is to come when the BOJ removes stimulus
Wednesday ... it continued
Later in the session, due at 0500 GMT from Japan - leading and coincident indexes for November, preliminary
