It figures to be a quieter session today with US offices closed for Martin Luther King Jr Day.
The lone item on the calendar at the bottom of the hour is Canadian wholesale sales. This data point is from November so it’s stale and unlikely to move CAD.
A bit later there is testimony from the BOE’s Haldane but it’s on banking standards so I don’t anticipate any comments about monetary policy.
Much later — at 1800 GMT — ECB heavyweight Jens Weidmann speaks at an event in Germany. That’s our best hope of some news-induced volatility.
What is most-likely to move markets is anticipation and positioning ahead of tonight’s BOJ decision. Speculators are long yen crosses so they may continue the European theme of paring back those positions.
