BoJ Kuroda: No change to underlying trend in CPI

FXStreet (Bali) - At today's BoJ press conference, Governor Kuroda said Japan’s economy is continuing to recover gradually, adding that there is not no change to underlying trend in Japan CPI - likely to reach 2% around FY2015 should a gradual recovery in Oil prices occur.

Kuroda also said that the virtuous cycle in the economy is still working. Kuroda highlighted that some members are cautious over the 2% inflation timeframe. Kuroda says that lower oil will increase corporate purchasing power.

Jan 21, 2015

EUR/CHF negative bias intact – Commerzbank

Karen Jones, Head of Technical Analysis at Commerzbank, notes that the EUR/CHF negative bias will persist for a retest of 0.9715 levels until the pair breaks above 1.0670 levels.

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Jan 21, 2015

NZ inflation falls below RBNZ’s target – Westpac

According to the Research Team at Westpac, the 29th January meeting of RBNZ might result in the central bank providing some hints of a tightening, with NZ CPI falling below the RBNZ’s target band, shrinking by 0.2% to 0.8%.

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