Without further ado here’s what’s left on the data board today Orders on their way!
-0.3% prev yy -1.4% Consumer spending mm -0.8% vs -0.3% exp vs +0.9% Out a short while ago and showing a sharp down turn in cosumer spending EURUSD 1.2565
policy target is domestic policy BOJ did consider US Fed decision in making today’s move too early to discuss QQE exit strategy Right, can I go and make a cup of tea now ?!
Japanese govt spokesman on the wires seemingly contradicting what Kuroda said just now says he would consider that yen has weakened within expected range No further details
but can conflict with financial stability goals interst rates of near-zero likely to be a recurring challenge for inflation targetting central banks Fed’s Williams in a prepared speech.. Nothing on Fed policy stance or US economy so we’ll move on
weak yen is a plus for manufacturers but has negatives for non-manufacturers weak yen as negative effects on small and medium size business falling commodity prices help offset rising cost impact inflation expectations slowing lately USDJPY heading higher 111.40 posted