Economic calendar due from Asia today (and BOJ JGB buying)

Author: Eamonn Sheridan | Category: News

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)

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