- Tonight brings Japanese inflation numbers for the month of March, and of recent this has become a hot-button topic around the Bank of Japan as price growth in the Japanese economy printed faster than Europe in February. This highlights the potential for a shift-away from the uber-loose monetary policy that’s become par for the course at the Bank of Japan.
- As we’ve come into Q2, Yen-weakness has started to show again and this highlights the possibility of a continuation of trends that have been a rather attractive area of the FX market since the election of PM Shinzo Abe in 2012. Will tonight’s inflation print help markets move further back from the edge of risk aversion that showed in Q1, helping to drive Yen-strength?
- DailyFX Forecasts have been updated for Q2, and are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.
Japanese Inflation is On Deck
There are two high-impact releases remaining on the DailyFX Economic calendar for the remainder of the week, and each are inflation prints. Later tonight, we’ll get Japanese inflation for the month of March and then tomorrow morning at 8:30 AM ET, we’ll get Canadian inflation numbers for the same period. Outside of that – we have both the US