It is a holiday-stricken week in markets and even with it being a busier December than usual this year, the final trading week of the year should be a quiet one with little to work with in general. There’s not much use trying to pinpoint anything to be a factor during this time as flows are thin across all asset classes.

This is more of a period to reflect back on things and get yourself prepared for the new year. So, even with there being some expiries on the board for later this week, don’t be too fussed about it. Liquidity conditions are thin so that is the more pertinent factor at play for the next few days.

For more information on how to use this data, you may refer to this post here.

I’d like to wish everyone a Merry Christmas and happy holidays! Have a wonderful festive period and rest up well for 2024. 🙂

This article was written by Justin Low at www.forexlive.com.

• We cannot pre-set timing of future policy change
• But would like to make appropriate decision while scrutinising economic developments
• In an economy where positive inflation is sustained, nominal rates will be high
• Will patiently maintain monetary easing to ensure that conditions are right for such cycle to be sustained

Once again, all of this just points towards the fact that they are pushing all the anticipation and attention to next year’s spring wage negotiations. The question then will be, can the BOJ follow through to normalise policy?

This article was written by Justin Low at www.forexlive.com.