Economic calendar in Asia - Wednesday, 22 June 2022 - Bank of Japan minutes

The BOJ minutes to be published today are for the April monetary policy meeting. The change from the Bank of Japan at this meeting was the announcement that the Bank would continue with unlimited bond-buying of 10-year JGBs at 0.25% every business day, unless it becomes clear such an offer would draw no bids. This move to affirm BOJ yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term curve control has continued through to now. The most recent meeting, just last week, affirmed loose policy yet again, which has seen USD/JPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term trek convincingly above 135. This comment was made by Captain Obvious after the BOJ meeting last week:

• will now set up another attempt at 135 later today or into the new week. This time it'll be attacked with much more vigour ... and should head higher

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The minutes are preceded, many weeks in advance and only weeks after the meeting by the 'summary':

• BOJ Summary of April meeting - "yen's depreciation works positively"

Perhaps the yen might get another kicking during the session here today with a repeat of the yen message in the summary. This is me clutching at straws for any meaning from the minutes - do we really need any more info on how the BOJ is viewing loose policy and a weak yen ... from way back in April? No, we do not. Yen will remain on the weak side regardless.

Apart from the BOJ its trade and credit card spending from New Zealand (noted below as the little flags can be confusing. From Australia, we get a leading index.