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<p>The Bank of Japan left their main policy planks in place and trimmed their forecasts for 'core' inflation a little:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-announce-no-change-to-policy-as-expected-20240123/" target="_blank" rel="follow" data-article-link=&qu

<p>The BOJ's main policy planks remain unchanged:</p><ul><li>short-term interest rate target -0.1%</li><li>10-year bond yield around 0%, but flexible up to 1% (in October 2023 the Bank made it even more flexible by saying the 1% bound is only a ‘reference’)</li></ul><p> Makes no changes to

<p>No change to policy is expected. </p><p>Earlier posts:</p><p><a href="https://www.forexlive.com/centralbank/no-change-expected-at-the-bank-of-japan-policy-meeting-today-i-dont-think-it-is-live-20240123/" target="_blank" rel="follow" data-article-link="true">No change exp

<p>New Zealand Q4 inflation data is due Wednesday, 24 January 2024 local time in New Zealand:</p><ul><li>at 2145 GMT, 1645 US Eastern time (on Tuesday, 23 January 2024) </li></ul><p>Extracts from the CPI preview from Kiwi Bank:</p><ul><li>expect consumer prices rose a relatively soft 0.5%

<p>The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.</p><ul><li>USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.</li><li>CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.</li>

<p>Comments via Reuters from Carol Kong, currency strategist at Commonwealth Bank of Australia, on the BOJ meeting:</p><ul><li>"I don't think it is live," </li><li> "I think the earthquake in Japan… really shifted market expectations toward the BOJ not normalising policy any time soon. &

<p>China Securities Journal says the People's Bank of China could lower Loan Prime Rates (LPRs) in Q1 2024.</p><p>Just yesterday:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-loan-prime-rates-lpr-are-unchanged-1-year-345-5-year-420-as-expected-20240122/" target="_blank&quo