The Bank of Japan’s monetary policy meeting held earlier today saw the central bank leaving interest rates and its QQE purchases unchanged. The Japanese yen was seen strengthening on the back of the BoJ’s meeting. Governor Kuroda is expected to hold a press conference in a few hours.
The U.S. dollar was seen giving up its gains despite the Congress approving measures to fund the government for a period of three weeks. This comes after a brief three-day shut down. The economic calendar was sparse yesterday leaving most of the trading to the broader political developments from Washington.
Looking ahead, the UK’s public sector net borrowing data is expected to be released today followed by the ZEW economic sentiments from Germany and the Eurozone. Later in the day, the Richmond manufacturing index data will be released.
