Will we see some volatility in the market today?

by gracecheng | October 30, 2006 at 08:02 pm
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The BOJ has just kept its monetary policy unchanged, with the overnight
call rate standing pat at 0.25%. Will Bank of Japan (BOJ)'s chief Fukui
sound hawkish when he speaks later on at the press conference? This
morning, USD/JPY fell briefly to 117.20, which is around the low
reached in the past 2 days, and then rebounded from that level after
the release of worse-than-expected household spending (- 6% y/y vs - 2.1% expected) and September jobless rate (4.2% vs 4.1% expected). This little price reaction to the news is due to...

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