TC Economic Insight - The Week Ahead (JAN 19-23)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

‍

We are looking into the trading week of January 19-23:

‍

‍

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

‍

‍

We can select which major economies to focus on:

‍

‍

Before the U.S. Federal Reserve makes its first interest-rate decision this year on January 28, the Bank of Japan (BOJ) will announce its rate decision on Friday (January 23).  

‍

According to the forecast of Trading Central's "Economic Insight", the BOJ is expected to keep its key interest rate unchanged at 0.75%.

The BOJ raised its key rate to a 30-year high of 0.75% in December, and since then the yen has weakened to 159.45 against the dollar, the lowest level in one and a half years, and Japan’s Nikkei 225 stock index has jumped to an all-time high above 54,000.

‍

The market is expecting to see the next BOJ rate-hike in April.

‍

Within an hour of the central bank’s last rate decision in December, USD/JPY moved in a range of 37.5 pips, ending 7.5 pips lower.

‍

‍

On Monday (January 19), U.S. markets will be closed for the Martin Luther King Jr. Day holiday.

‍

Key Economic Data Forecasts:

(GMT+02:00 Hour) 

Happy Trading!

Source: Trading Central Economic Insight

‍