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<p>The overall economic assessment still reads as "recovering moderately although some areas stalled recently" but the government did note that "business sentiment is improving". Adding that the "business mood and corporate profits are also improving but these have not spilled over to domestic demand".</p>&

<p>USD/JPY itself is up 1.4% to 144.68 currently as the yen continues to be dismantled in European morning trade. This follows the BOJ pushback against any indication of an early hawkish policy pivot, as Ueda reaffirms that they will wait on the spring wage negotiations next year. It has been a case of endless disappointment […]

<p>With 2023 coming to an end, leading global broker FBS looks back at the significant economic events and delves into the perspective of the financial landscape in 2024. FBS financial market analysts point out that next year, financial markets will stand at the cusp of transformation under the influence of the US economy, global and [&hellip

<p>There aren't any significant option expiries for today. As such, trading sentiment will rely more to flows and the overall risk mood in markets. So far, there isn't much to suggest any notable trends in price action as there is very little to work with besides the BOJ. As the year winds down, expect trading […]

<ul><li>Eurostoxx +0.2%</li><li>Germany DAX +0.2%</li><li>France CAC 40 flat</li><li>UK FTSE +0.1%</li><li>Spain IBEX +0.2%</li><li>Italy FTSE MIB +0.2%</li></ul><p>Regional indices are lightly higher while US futures are still rather flattish as we get things

<ul><li>There will be some data between now and next policy meeting, but not many</li><li>Not much new data will be available before January policy meeting</li></ul><p>In other words, we should expect more of the same come early next year and before we get to the spring wage negotiations in March and April.

<ul><li>Expects BOJ to conduct appropriate monetary policy to sustainably, stably hit price target accompanied with wage hikes</li></ul><p>The key wording in the passage above is "accompanied with wage hikes". That confirms that the government and BOJ are aligned in waiting for the spring wage negotiations ne

<p>It is yet another day the Japanese yen bulls are feeling disappointed, as those hoping for any hints of an early policy pivot by the BOJ are left wanting. The central bank kicked the can down the road to March to April next year and Ueda is adamant about waiting on the results of the […]

<ul><li>German DAX futures +0.1%</li><li>UK FTSE futures flat</li></ul><p>This mirrors the more tepid mood in US futures, with S&amp;P 500 futures now flattish on the day. Equities remain buoyed in general but we may start to see gains cool a little as trading conditions wind down ahead of the Christmas

<ul><li>It should be possible for the market to forecast our policy shift, at least to some extent</li><li>Want to gauge the result of next year's spring wage negotiations</li><li>Want to see if the result is strong enough to support consumption</li></ul><p>The final two remarks confirm tha