Most noticeable events on the calendar today
• The main event during Asia-Pac will of course be the Bank of Japan policy decision, where markets expect no adjustment to rates, but some are expecting the bank to announce a reduction in bond buying (which has been well telegraphed and leaked so unlikely to be a big market mover unless they reduce purchases by a massive amount).
• After that we get some final CPI numbers for France. Since these are the final numbers and not the prelim (flash), it’s unlikely to be a big deal for markets, especially with all the political shenanigans in play right now (see this post from Adam on what happened)
• Then later during the US session we also have the preliminary release of the University of Michigan Consumer Sentiment report, where I suspect the bigger focus will fall on the 1-year and 5-year consumer inflation expectations numbers, as have been the case in recent months.
Good luck out there!
