• Main event later today will be the BOJ rate announcement and statement:
  • Professional speculative market is very short of Yen so may see short-covering if BOJ disappoints:
  • EUR staying strong across the board with EUR/JPY consolidating near 112.00 whilst EUR/AUD and EUR/GBP make decent gains:
  • EUR/USD should find willing buyers on any pull-backs to previous highs at 1.3170:
  • Cable stalled again near 1.6300 and this level is attracting plenty of selling interest:
  • AUD/USD looks to have more downside risk after the break back below 1.0510:
  • USD/JPY continues to trade in a bullish fashion, currently consolidating near Monday’s highs at 84.40:
  • RBNZ business confidence and China’s leading indicator are the highlights on the Asian economic calendar.