The Traderszone Network

Forex news for Asia trading Tuesday 15 March 2016
Japan
China
Australia, New Zealand
The focus today was on the Bank of Japan monetary policy meeting. While we waited there was a paucity of news and flows nearly across the board.

January final Industrial Production
 3.7% m/m
– preliminary was 3.7% and prior was -1.7%
 -3.8% y/y
– preliminary was -3.8% and prior -1.9%
capacity utilization for January 2.6% m/m

Mutual fund fees aren’t always obvious.

While both provide a picture of a company’s profit or loss, they arrive at that figure differently.

USDJPY was in full chaos mode ahead of tonight’s BOJ statement. With only 5 of 40 economists expecting further actions by Kuroda (and close Abe advisor Hamada suggesting “I think the BOJ wouldn’t take further action right now… probably it will be a wise decision,” The BoJ decide to stay put – holding rates flat at -10bps, holding QQE buying flat, and maintaining its ETF buying program at expected levels. The biggest surprise though was a language change suggesting the end of NIRP.

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Bank of Japan Governor Kuroda speaks later at 0630GMT – stay tuned for that
From the statement:
– Maintains 80 trln yen base money target and 0.1 pct negative interest rate
Headlines via Reuters 

Japan’s central bank kept its powder dry at its March policy review on Tuesday, with economists now only expecting further stimulus in July.