Forex news for Asia trading Tuesday 31 January 2017
It was Bank of Japan announcement day, with the focus on the central bank and what they would do or not do. There was some small expectation they may have indicated some sort of QQE ‘taper’, a low-probability outcome, but greater expectations of an upgrade to their view of economic growth. The Bank was to issue its updated forecasts for both GDP and inflation – there was little expectation they bank was going to boost its views on inflation.