Close of the Asian Session
Economic Events: (GMT)
Chinese Markets are closed for the Lunar New Year
Jan. 22 18:50 JPY Trade Balance
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.
A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
19:30 AUD PPI (QoQ)
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
Jan. 23 22:00 JPY Interest Rate Decision
Bank of Japan (BOJ) policy board members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
A higher than expected rate is positive/bullish for the JPY, while a lower than expected rate is negative/bearish for the JPY.
Analysis and Recommendation:
USD/JPY was trading 77.13 with the USD lower against the Japanese Yen on Friday
The pair seem to be in hibernation this week. What little life they have shown has been in reaction of EU, and the greenbacks overall market activity. The BoJ is scheduled to make a statement on Monday, but no changes are expected. The policy decision is forecast to be a hold.
Upcoming Govt Bond Sales Dates
Jan 23 10:10 Norway Nok 6.0bn 4.25% May 2017 bond
Jan 23 10:10 Slovakia Auctions Apr 2014 bond
Jan 23 10:30 Germany Eur 3.0bn Jan 2013 Bubill
Jan 23 12:00 Norway Details bond auction on Jan 30
Jan 24 09:30 Netherlands Eur 1.5-2.5bn Jan 2013 & Jan 2042 DSL
Jan 24 09:30 Spain Auctions 3 & 6M T-bills
Jan 24 16:30 Italy Details CTZ/BTPei on Jan 26 & BOT on Jan 27 &
Jan 24 18:00 US Auctions 2Y Notes
Jan 25 10:10 Sweden Nominal bond auction
Jan 25 10:30 Germany Eur 3.0bn 3.25% Jul 2042 Bund
Jan 25 16:30 Italy Details BTP/CCTeu on Jan 30
Jan 25 18:00 US Auctions 5Y Notes
Jan 26 10:10 Italy Auctions CTZ/BTPei
Jan 26 18:00 US Auctions 7Y Notes
Jan 27 10:10 Italy BOT auction