New Zealand ANZ Activity Outlook (Oct): 23.7 (prev 16.7)
New Zealand ANZ Business Confidence (Oct): 10.5 (prev -18.9)
New Zealand Building Permits (MoM) Sep: -5.7% (prev -4.9%)
UK GfK Consumer Confidence (Oct): 2 (exp 4 prev 3)
Japanese Econ Min Amari: Prices Moving Towards BoJ’s Target
Japanese FinMin Aso: Japan Labour Market & Income Situation Improving — BBG
Aso: Fed’s Decision To Stand Pat Reflects Cautious Judgement On Global Basis — RTRS
The Bank of Japan left rates/QE unchanged, as expected. Despite this, USD/JPY had a sharp decline from 120.90 to 120.30 as speculators who expected more easing from the BoJ covered their positions. However, the pair quickly retraced losses and rallied to a fresh intraday high of 120.39. The press conference is scheduled for 0630 GMT.
EUR/USD spent the session in a 1.0965-95 range, while GBP/USD consolidated within 1.5305 and 1.5335. Meanwhile, the Aussie and Kiwi Dollar were the best performing currencies against the USD in the Asian session. AUD/USD started the new trading day around 0.7070 and rose to a high of 0.7115, while NZD/USD opened around 0.6690 in Sydney and made it to 0.6755.