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Cautious, Tight Start

FOREX

The dollar index (DXY) has edged higher alongside CHF as participants have turned slightly cautious amid the absence of notable headline flow in early Asia-Pac hours.

  • The yen has been trapped within yesterday's range, with domestic industrial output & retail sales data shrugged off. The BoJ is preparing to deliver its monetary policy decision and is expected to keep its main policy settings unchanged.
  • Reminder that the Riksbank is also due to announce its closely watched monetary policy decision today (click here to see our preview).
  • Today's data highlights include advance U.S. GDP & weekly jobless claims, flash German CPI & NZ ANZ Business Confidence.
  • Comments are due from ECB's Wunsch & de Guindos as well as Norges Bank Gov Bache.
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