The BoJ offers to buy a total of Y850bn of JGBs from the market:
Find more articles and bullets on these widgets:
Asian equity have opened mixed this morning, markets trade in tight range as investors prepared for key events, including the US presidential election and critical economic data that could influence the next Federal Reserve decision. Sydney’s stocks gained while Tokyo remained relatively flat, and Hong Kong futures pointed toward an opening in the green.
Broader USD indices sit little changed in the first part of Tuesday dealing. We were last near 1262 for the BBDXY USD index.
Westpac’s Q3 CPI forecasts for Wednesday’s release are in line with Bloomberg consensus at 2.9% y/y for headline and 3.5% for trimmed mean, but it is expecting the month of September to come in slightly lower at 2.2% y/y. It continues to expect the first rate cut to be in February with 100bp of easing over 2025.