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<p>Japan's Economy Minister Shindo will attend today's BoJ policy meeting:</p><ul><li> the first attendance by a cabinet minister since April 2020</li></ul><p>I wonder what the significance of this could be? Given USD/JPY is barely changed on the news, its around 142.75, perhaps its not overly sig

<ul><li><a href="https://www.forexlive.com/centralbank/goldman-sachs-predicts-5-rate-cuts-by-the-federal-reserve-in-2024-20231219/">Goldman Sachs Predicts 5 Rate Cuts by the Federal Reserve in 2024</a></li><li><a href="https://www.forexlive.com/news/japans-ministry-of-finance-to-reduce-20-year-g

<p>Japan's Ministry of Finance will "front-load" the reduction in its supply of 20 year government bonds from January. </p><p>The MoF will trim back by 200bn yen of JGBs, citing a reduction in demand from investors with rising interest rates. </p><p>Info comes via a Reuters report citing unnamed sources.

<p>Goldman Sachs says that the disruptions in Red Sea due to the terror threats are unlikely to have large effects on crude oil and LNG prices. GS says that there are opportunities for vessel redirection and that this implies that production should not be directly impacted. </p><p>Background to this:</p><ul><li>&

<p>The National Development and Reform Commission of the People's Republic of China (NDRC) is the country's 'State Planner'. </p><ul><li> Approved 144 fixed-asset investment projects worth a total of 1.28 trln yuan in January – November </li><li>Approved 14 fixed-asset investment projects wort

<p>New Zealand data – ANZ Business Survey:</p><ul><li>Business confidence 33.2 (November was 30.8), highet since March 2015</li><li>Activity 29.3 (November was 26.3)</li></ul><p>ANZ comments (key points in brief):</p><ul><li>The vast majority of indicators lifted, includi

<p>After the drop towards the end of October, equities have staged a stunning rally in the last eight weeks. Of note, we got to observe fresh record highs in the Dow, DAX, and CAC 40 among the major indices. The question now is, can stocks carry over the good form during this period into next […]

<ul><li>Prior -35</li></ul><p>The slump in UK factory orders eases in December, with the headline reading being the highest since September. That being said, it's still a poor reading overall but at least output expectations did see a rise to +5 from -7 in November.</p> This article was written by Justin Low

<p>USD</p><ul><li>The Fed <a href="https://www.forexlive.com/news/fomc-decision-no-change-to-rates-2024-median-dot-46-vs-49-expected-20231213/">left interest rates unchanged</a> as expected with a shift in the statement that indicated the end of the tightening cycle. </li><li>The Summary of

<ul><li>Prior +2.9%</li><li>Core CPI +3.6% vs +3.6% y/y prelim</li><li>Prior +4.2%</li></ul><p>No change to the initial estimates as this reaffirms a continued slowdown in euro area inflation pressures last month.</p> This article was written by Justin Low at www.forexlive.com.