It is the right day, and it is also Financial institution of Japan choice day

For these of you in Asia, it is now April 26, which is simply too unhealthy. However it’s additionally Financial institution of Japan choice day and we get Tokyo CPI and Australian PPI. In order that’s some comfort.

As for the Financial institution of Japan, the large information in US commerce was a report from Jiji that mentioned the BOJ will think about measures to scale back its authorities bond purchases. Nonetheless the report did not specify precisely after they would think about that, although perhaps it is in the present day.

There was some modest USD/JPY promoting on the report however it did assist to cap the pair at 155.74.

For the US greenback extra broadly, it was a tumultuous one because it rose initially on the new inflation indications within the GDP report, then slowly reversed utterly, partially due to slowing development.