Reuters report More USD/JPY selling on these headlines. The next meeting is July 31. This isn’t as hawkish as the headlines look. The BOJ is still in a battle against low inflation and is desperate to get it higher, they’re just running out of things to buy.
Bullard on the Fed’s independence Expect some similar stuff in the week ahead. Fed members love to talk about their independence. ForexLive
Maria Butina had wider contacts than assumed Accused Russian agent Maria Butina took part in meetings with two senior officials at the Federal Reserve and US Treasury, according to a Reuters .
The Bank of Japan meet next week, Monday July 30 and Tuesday July 31 This from Bloomberg on weekend comments from (or lack of I guess) from Bank of Japan Governor Kuroda
People’s Bank of China ending a 7 day run of a weaker onshore yuan at the daily setting Note: Since Friday the yuan has regained ground, intervention was reported on Friday also:
Bank of Japan with a special JGB buying operation There was a pre-announced buying operation planned: Economic calendar due from Asia today – deck clear for the BOJ
A piece via Bloomberg over the weekend on the Bank of Japan – officials are looking for ways to keep their stimulus program sustainable while reducing the harm it causes in markets and on the profitability of commercial banks (bolding above is mine …. keep this in mind)
Bullard in Kentucky Nothing new from Bullard. ForexLive
BOE’s Silvana Tenreryro comments in an interview with the Evening Standard – Recent economic data confirms that the soft patch in Q1 was snow-related – Will watch very closely the data in the coming weeks ahead on 2 August decision ForexLive
The yuan (onshore, USD/CNY) was by the PBOC today, the (more) set much lower CNH took a cue and has since plunged For the basket, as the headline says in in in an easy puzzle, lower. OK, that was a gimme 😀