It's a very active agenda ahead, with most focus on the Bank of Japan statement. There is never a scheduled time for the release of the Bank's statement. Its likely to be sometime in the 0230 to 0330 (GMT) time window (10.30 to 11.30 pm US Eastern time).
Expectations of any change in policy from the Bank are low. We had a few minor surprises this week from central banks already, from a hawkish hold, higher for longer FOMC, to the BoE flipping to on hold in light of the better inflation data, and a surprise decision from the Swiss National Bank.
- Forexlive Americas FX news wrap 20 Sep: Fed keeps steady but shifts to higher for longer
- ForexLive European FX news wrap: SNB and BOE surprise by keeping interest rates unchanged
Its probably too much to expect anything unusual from the Bank of Japan but I won't be assuming anything. The inflation data due beforehand will show 18 months of above target CPI for the core reading, but so far the Bank have insisted this is transitory. And have thus said maintaining ultra-easy policy is essential. Some cracks have begun to show in this insistence, so surely its only a matter of time (but how long?) until the Bank waters down its policy.
Earlier BOJ previews:
- BOJ will not unwind easy policy at this week's meeting - poll
- BOJ statement due Friday: "Ueda could strike a hawkish chord"
- BOJ statement tomorrow - preview - "could probably send a subtle hawkish message "
- ANZ expect a subtle shift from the BOJ at this week's meeting - to less dovish
- This snapshot from the ForexLive economic data calendar, access it here.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
- I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.
