There is plenty to come this week, and for today:
2145 GMT - New Zealand - Food prices (December)
- prior -0.4% m/m
2350 GMT - Japan - Money stock for December
0000 GMT - Australia - Melbourne Institute monthly inflation (December)
- prior 0.2% m/m
- prior 2.7% y/y
Official CPI data is once a quarter in Australia, the MI gauge is a private survey and works as a reasonable indicator to the government data
0001 GMT - UK - Rightmove House Prices (January)
- prior -2.6% m/m
- prior +1.2% y/y
0110 GMT - Bank of Japan Japanese Government Bond purchases
- 5-10, 10-25, 25+ years
Last Tuesday the Bank of Japan cut back its purchases of JGBs:
- Bought JPY 190 bln of 10 - 25 Year JGBs, compared to 200bn yen last time
- And JPY 80 bln 25+ Year, compared to 90bn last time
This was a catalyst for a sustained move higher in the yen for pretty much the rest of the week (with a few wiggles, of course, it wasn't a straight line up).
Let's see if there is another cut today. I'm guessing not, but I don't have any inside info from the BOJ, K?
Much later today, due at 0600 GMT - Machine Tool orders for December (preliminary)
