The impact of maintaining the status quo at the Bank of Japan Monetary Policy Meeting has subsided, and the market’s attention is focused on the US FOMC on January 31st and February 1st, the ECB Governing Council on February 2nd, and the Bank of England MPC. The FOMC has broadened the outlook for a reduction in the rate hike to 0.25%, but the outlook for the terminal rate is divided. The FRB will be in a blackout period from tomorrow, and the remarks of those involved will be restricted until the FOMC. In the midst of this, Philadelphia Fed President Harker and Waller are scheduled to make statements today, drawing attention. In addition, Bank of Japan Governor Kuroda, who is attending the Davos meeting, will participate in a panel discussion with Lagarde. Also pay attention.
It is assumed that price movements are likely to be volatile because it is difficult to read how important people’s remarks will come out.
If there is a short-term trend, we will consider following it.