Europe Market Open: BoJ undertook a dovish exit from NIRP, RBA unch.; USD/JPY back above 150.00
MAR 19, 2024
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  • APAC stocks traded mixed as markets digested the first of this week's central bank announcements.
  • BoJ carried out a widely telegraphed and dovish exit from NIRP, YCC and ETF/J-REIT buying.
  • RBA kept rates unchanged whilst providing a dovish tweak to its guidance on rates.
  • JPY and AUD lag peers post-rate decisions with USD/JPY back on a 150 handle.
  • European equity futures indicate a slightly lower open with the Euro Stoxx 50 future -0.3% after the cash market closed down 0.1% on Monday.
  • Looking ahead, highlights include EZ Labour Costs, German ZEW, Canadian CPI, Comments from BoJ Governor Ueda & ECB’s de Guindos, Supply from UK & US.

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