Japanese and American Interest rates take centre stage as markets are eagerly waiting for the announcements to be made. BOJ has reported to release a “comprehensive assessment” on its economic state very soon.
The BOJ are pondering whether negative interest rates will have a positive impact overall on the Japanese economy. Or will they begin to start buying up government bonds to help stimulate its ailing currency? This leaves investors questioning how the yen will be impacted. The USDJPY has been fluctuation between $102.05 and reaching lows of $101.52 in today’s early session. The Nikkei is remained relatively stable trading around ¥16300-16400 points.
Moving across the pacific, is the US Fed is gearing up for another surprise? Or will they postpone a rate hike. The US market is appearing to be quite calm as the DJ30 and NASDAQ is trading relatively flat throughout the day. DJ30 is trading between 18040-18090 points. NASDAQ is hovering around 4802.50.
Today major EU Indices rally upwards to daily highs at around 12:00GMT before slumping back down to level territory. The CAC ended the trading session with at around 4377.00 +(0.002%), DAX closed at around 10393 (+0.006%).