With the Bank of Japan's Monetary Policy Meeting scheduled for the 29th-30th, the foreign exchange and equity markets are expected to move largely on market expectations. Attention is focused on the US dollar-yen rate and the Nikkei's performance, and the meeting's outcome could have broader knock-on effects depending on the subsequent direction.
Today's market news focuses on the Bank of Japan's Monetary Policy Meeting, scheduled for the 29th-30th, with reports that market expectations ahead of the meeting are affecting foreign exchange and equity-market movements. The article organizes investors' main points of focus around the Bank of Japan's meeting schedule.
The Nikkei stood at 64,591.58 as of 09:16, down 29.66 points from the previous day, for a change of -0.05%. The US dollar-yen rate stood at ¥158.18 as of 09:17 and showed a modest upward move. The NY Dow closed at 52,856.09, up 360.21 points from the previous day. The Shanghai Composite stood at 3,713.02, down 22.34 points.
The movements in the various indicators are said to reflect market participants' caution and shifting expectations about policy ahead of the meeting. Reports say the effects could spread depending on the policy decision and guidance provided after the meeting. The article says attention should be paid to developments in the Japanese and US markets and the Bank of Japan's future statements.