- Asia-Pacific markets are trading at mixed levels during today's session in the absence of any surprise from the Bank of Japan's decision.
- The BOJ is keeping interest rates unchanged, and the Japanese yen itself is trading down moderately against other currencies following the bank's dovish comments, which have reduced somewhat expectations that the BoJ has changed its policy stance in the short term.
- The BoJ's decision reflects the bankers' lack of conviction that wage growth will lead to sustained inflationary pressures.
- European index futures point to a slightly higher opening of the session on the Old Continent.
- Australian unions have agreed to support an industrial arbitrator's recommendations to end their dispute with Chevron.
- Investors' attention today will focus on the Ueda conference following the BoJ decision, PMI data from major economies and speeches by ECB and Fed central bankers.
Barclays and BNP Paribas lowered their BoE forward rate forecasts to 5.25% from 5.5%. - Moody's downgraded the ratings of some Chinese property development companies
- The U.S. dollar is gaining slightly at the start of today's session. However, the leaders of the increases in the FX market are currently Antipodean currencies. The Japanese yen and the British pound are experiencing the greatest downward pressure.
Heatmap of the FX market, which illustrates the volatility on individual currency pairs at the moment. Source: xStation 5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
