- Australian quarterly CPI surprises to the upside
- Nikkei posts 0.16% gain for the day
- No changes in BOJ monetary policy
- U.K. claimant count change and BOE minutes coming up
The Australian dollar was the star of the show in today’s Asian trading session, after Australia reported a 0.8% quarterly increase in price levels. This was enough to boost AUD/USD back above the .8800 major psychological level and AUD/JPY back to the 92.50 area.
Meanwhile, the much-awaited BOJ interest rate decision turned out to be a dud, as Kuroda simply reiterated their pledge to keep easing. He did point out that inflation is starting to pick up but said that there’s still a “high degree of uncertainty” surrounding overall economic growth. Overall though, the Nikkei managed to chalk up a 0.16% gain for the day while the yen posted small gains after the announcement.
Up ahead, the U.K. has the claimant count change report on tap, along with the minutes of the latest BOE monetary policy meeting. The jobs report could show a 33.8K drop in unemployment, which might be enough to push the jobless rate down from 7.4% to 7.3%. The BOE minutes could show a unanimous vote when it comes to keeping interest rates and monetary policy unchanged, but any downbeat remarks from the policymakers might lead to a pound selloff.
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
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