ForexLive Asia-Pacific FX news wrap: USD/JPY jumps after BOJ December meeting summary

<ul><li><a href="">China's November Industrial Profits rebound with 29.5% y/y Growth</a></li><li><a href="">Goldman Sachs forecasting US inflation falling to low 2% y/y by US spring time</a></li><li><a href="">Goldman Sachs' view on China for the year ahead is not confidence inspiring</a></li><li><a href="">USD/JPY jumped after the BOJ December minutes showed no urgency on a pivot</a></li><li><a href="">The BOJ December meeting summary is not suggestive of any urgent pivot</a></li><li><a href="">Ex-Fed Dallas head Kaplan expects FOMC to lower rates soon, to avoid a flip side mistake</a></li><li><a href="">US stocks off to a positive start for the trading week</a></li><li><a href="">BOJ Gov Ueda said we're not there yet, prospect of achieving price target not high enough</a></li><li><a href="">U.S. Treasury sells 2-year notes at a high yield of 4.314%</a></li></ul><p>
moved from 142.40 up to just above 142.80 after the Bank of Japan
published its ‘Summary’ of the December meeting. The"Summary
of Opinions" serves as a record of the discussion and views of
the Policy Board members on economic, financial, and of course policy
issues. The full Minutes of the meeting will be published on January
26 but the briefer Summary today indicated the Bank is not pressing
ahead with removing YCC nor raising short term rates from their
negative level any time soon. The next policy meeting is January 22
and 23.
across the majors we had minor moves only.</p><p>From China we had data on November industrial profits. These rose sharply in November from October, up almost 30% y/y. More in the bullet point above. </p><p>USD/JPY has since subsided back to where it started:</p>

This article was written by Eamonn Sheridan at

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