BOJ easing having desired effects – BOJ’s Kuroda

BOJ Governor Kuroda is speaking in parliament today, echoing the same old tune that the QQE is having the intended effects.

Key Quotes:

BOJ easing having desired effects

Core CPI is moving about 0%

Core CPI at 0% due to fall in oil prices

Japan's overall price trend as improving

CPI ex-Fresh Food, Energy positive for past 28 months

Australia Gross Domestic Product (YoY) came in at 3%, above forecasts (2.6%) in 4Q

Australia Gross Domestic Product (YoY) came in at 3%, above forecasts (2.6%) in 4Q
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USD/JPY struggles with 114 amid risk-on rally in equities

The bulls took a breather after Tuesday’s more than 200 pips rally and now consolidate the upside, as the focus now turns towards the US jobs report due later today.
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