{"id":60320,"date":"2023-01-17T21:23:55","date_gmt":"2023-01-17T10:23:55","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=60320"},"modified":"2025-11-11T16:18:30","modified_gmt":"2025-11-11T05:18:30","slug":"tuesday-17th-january-2023-yen-gains-on-boj-easing-hopes","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-17th-january-2023-yen-gains-on-boj-easing-hopes\/","title":{"rendered":"Tuesday 17th January 2023 : Yen gains on BOJ easing hopes"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>Asian Stock Markets : Nikkei up 1.23%, Shanghai Composite down 0.10%, Hang Seng down 0.78%, ASX down 0.03%<\/li>\n\n\n\n<li>Commodities : Gold at $1910.95 (-0.56%), Silver at $24.19 (-0.75%), Brent Oil at $85.07 (+0.72%), WTI Oil at $79.97 (-0.17%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.553, UK 10-year yield at 3.463, Germany 10-year yield at 2.193<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(GBP) Average Earnings Index 3m\/y 6.40% vs 6.20% expected<\/li>\n\n\n\n<li>(GBP) Claimant Count Change 19.7K vs 19.8K expected<\/li>\n\n\n\n<li>(CNY) GDP q\/y 2.90% vs 1.60% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>&nbsp;Asian stocks turned in a mixed performance on Tuesday as China growth data beat forecasts and caution prevailed ahead of a Bank of Japan policy meeting. The yen steadied around 128.69 and Japanese 10-year government bond yields topped the Bank of Japan&#8217;s (BOJ) policy ceiling for a third straight session amid speculation the central bank might call for an exit from its decade-long ultra-loose monetary policy on Wednesday.<\/p>\n\n\n\n<p>In mainland China, the Shenzhen Component struggled for direction and traded fractionally lower and the Shanghai Composite fell 0.25% as data showed nation\u2019s GDP grew by 3% in 2022, marking one of the slowest growth in decades. Stocks in Japan bucked the trend, with the Nikkei 225 rising 1.28%, leading gains in the region as the Bank of Japan kicked off its two-day monetary policy meeting. Australian markets ended marginally lower to snap a four-day rally as miners declined, offsetting gains in the healthcare sector.<\/p>\n\n\n\n<p>The dollar index bounced from a seven-month low of 101.77 made a day ago, holding at 102.30, while the Japanese yen stayed close to seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan (BOJ).<\/p>\n\n\n\n<h3>Upcoming Events:<\/h3>\n\n\n\n<ul>\n<li>Day 2 &#8211; (All) WEF Annual Meetings<\/li>\n\n\n\n<li>10:00 AM GMT &#8211; (EUR) German ZEW Economic Sentiment<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; (CAD) CPI m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; (CAD) Median CPI y\/y<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; (CAD) Trimmed CPI y\/y<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; (CAD) Common CPI y\/y<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; (USD) Empire State Manufacturing Index<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: &nbsp;Asian stocks turned in [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/60320"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=60320"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/60320\/revisions"}],"predecessor-version":[{"id":60321,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/60320\/revisions\/60321"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/79815"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=60320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=60320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=60320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}