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- Positive start of the Asian markets – Attention is focused on BOJ and decision about interest rates
Positive start of the Asian markets - Attention is focused on BOJ and decision about interest rates
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Loading...Futures of the Asian markets indicate a positive start despite the negative end of the US trading session. Investors are cautious and expect the BoJ's decision about the interest rate. We still don't know the exact time for the decision, we only know it will be after 03:00 (our time) after the start of the trading Session in Japan.
The yen weakened before the end of the two-day BoJ meeting today, but is likely to go up again. Most of the yen's crosses have risen to their previous levels and are at levels of horizontal resistances. Markets are positive and without clear short-term threats or uncertainties, which should increase the risk appetite, and if this is confirmed, the yen may continue to weaken.
Gold is trading down to $ 1253 and this shows that there are no risks on the market at least at the moment. The US dollar is stable and is traded with a raise. More risky currencies such as AUD and NZD are backed and traded at higher levels.
At night, we expect data from New Zealand about Business Activity Index and offshore accounts, but the main news remain the Monetary Policy Report and the interest rate decision from the Central Bank of Japan. We expect increased volatility during the decision and statement.
Nikkei will open with an increase near 19,934, the ASX 200 will open near 5,776.
Trader Senan Fuchedzhiev
Varchev Traders Read more:
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