Major Central News Today

The Bank of Japan was once the most innocuous of the major central banks for policy focus, but implied volatility suggests the markets are hyper attentive for today meetin

While a step back from yield curve control is a very modest step towards normalization – and then tightening – the Yen and Japanese yields can feel the shift from such an extreme position

The Bank of Japan is due to announce its monetary policy and update its forecasts Tuesday morning with the markets deeply entrenched in their assumed dovish designation

In the monetary policy spectrum, the RBNZ’s benchmark matches its highest counterparts; but the forecasted peak rate is materially higher

While EURUSD, GBPUSD and USDJPY have registered varying degrees of technical break against the Greenback, the FOMC decision ahead is still a critical consideration for trend

There is debate as to whether the BOC will hike 25 or 50 bps from its current 3.75 percent rate, but Loonie traders will likely draw on the comments and cross counterparts

While the S&P 500 managed to hold up above its own 200-Day SMA Friday, we have crashed back below the prominent technical level and back into the narrow range of the previous weeks

Monetary policy as a fundamental driver behind USDJPY is held firmly by the Dollar given that the Fed is on the bleed ing edge of policy while the BOJ is anchored to extreme stimulus

Event risk will ramp up significantly in the week ahead from sentiment surveys to US and German GDP to FAANG earnings to ECB and BOJ rate decisions

The Organization for Economic Cooperation and Development (OECD) released its interim report flagging stubborn inflation, lower growth and higher rates