The Asian markets indicate a higher open. The European and US markets both closed lower, so we can expect a lower prices during the later hours of the session. The focus is turned to the BOJ and interest rate decision and stimulus package for the Japan's economy. There is lot of speculations of how much is the stimulus and details around it. There is the possibility that markets will be disappointed and if so, they will fall due to the very high expectation of the investors.
The US dollar continue to be stable and keep most of its gains made in the previous 3 weeks. Gold is slightly higher after the minutes and FED rate decision to keep the rates unchanged. The Euro is very stable and continue to rise. If the markets are disappointed by the BOJ will see higher JPY again, which is not what Koroda wants. If the investors are positive then indices will be higher, and the weaker jpy will be across all crosses and will be negative for the US dollar as well. AUD and NZD currencies will be supported and move higher. The Oil prices continue to be under pressure and traded at $41.12 per barrel.
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