{"id":47691,"date":"2023-07-14T06:08:00","date_gmt":"2023-07-14T05:08:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=47691"},"modified":"2023-07-14T14:26:33","modified_gmt":"2023-07-14T13:26:33","slug":"morning-brief-boj-speculation","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/morning-brief-boj-speculation\/","title":{"rendered":"Morning Brief &#8211; BoJ Speculation"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"47691\" class=\"elementor elementor-47691\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9e94107 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9e94107\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-89b4160\" data-id=\"89b4160\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d7c8dfe elementor-widget elementor-widget-text-editor\" data-id=\"d7c8dfe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The major theme during the Asian session was stock strength and a continuation of <a href=\"https:\/\/bit.ly\/42Li306\" target=\"_blank\" rel=\"noopener\">US dollar<\/a> weakness after the greenback got crushed on Thursday.<\/p><p>Japan news was also prevalent, as there was a media report that the Bank of Japan would revises its FY2023 inflation forecast above 2% at the meeting on July 27 and 28.<\/p><p>If this expectation is revised away, to a level above the 2% target, this would provide support leg for holding on to ultra-loose monetary policy is removed.<\/p><p>Former BOJ chief economist and director Hideo Hayakawa also said he expected the Bank of Japan policy board \u201c<em>will make some kind of adjustment to YCC this month<\/em>\u201d and that setting the tolerance band for the 10-year yield from 0.5% either side of zero to 1% is a likely way to adjust yield control.<\/p><p>Also, Industrial production in Japan declined by 2.2 percent month-over-month in May 2023, compared with the flash reading of a 1.6% drop and after a final 0.7% growth a month earlier. This was the first drop in industrial output since January.<\/p><p>Singapore\u2019s GDP grew by 0.7% yoy in Q2 of 2023, stronger than a final 0.4% growth in Q1 and above market expectations of a 0.6% growth, an advance estimate showed.<\/p><p>This was the 10th consecutive quarter of increase, amid an acceleration in the services on the back of a rebound in wholesale &amp; retail trade, alongside a faster rise in the output of information &amp; communications and a further increase in accommodation &amp; food service, real estate, and other services.<\/p><p>The government projected GDP growth of 0.5% to 2.5% for this year. On a quarterly basis, the economy expanded 0.3% in Q2, reversing from a 0.4% fall previously while matching consensus and averting the risk of a technical recession.<\/p><p>Federal Reserve Board Governor Christopher Waller spoke on his economic and policy outlook before the Money Marketeers of New York University during US Eastern time evening.<\/p><p>He also said that the September Federal Open Market Committee (FOMC) meeting is live, but if the next two CPI readings &#8220;<em>look like the last two, the data would suggest maybe stopping.<\/em>&#8220;<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The major theme during the Asian session was stock strength and a continuation of US dollar weakness after the greenback got crushed on Thursday. Japan news was also prevalent, as there was a media report that the Bank of Japan would revises its FY2023 inflation forecast above 2% at the meeting on July 27 and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":30515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[80,69,108],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morning Brief - BoJ Speculation - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/morning-brief-boj-speculation\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief - BoJ Speculation\" \/>\n<meta property=\"og:description\" content=\"The major theme during the Asian session was stock strength and a continuation of US dollar weakness after the greenback got crushed on Thursday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/morning-brief-boj-speculation\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-14T05:08:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-14T13:26:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/06\/GettyImages-1397813933.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"416\" \/>\n\t<meta property=\"og:image:height\" content=\"294\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morning Brief - BoJ Speculation\" \/>\n<meta name=\"twitter:description\" content=\"The major theme during the Asian session was stock strength and a continuation of US dollar weakness after the greenback got crushed on Thursday.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-boj-speculation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-boj-speculation\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Morning Brief &#8211; 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