The market sentiment is mixed. Let’s look at most interesting movements on the market today.
BOJ's Kuroda backs current easing
The BOJ Governor Haruhiko Kuroda told that maintaining the current easy monetary conditions appears to be appropriate due to the fact prices are simply lagging improvements in the national economy and they’re still distant from the major bank's inflation objective.
In Wednesday’s speech Kuroda repeated that the BOJ's quite optimistic on the economic outlook because of soaring exports, greater factory output as well as a tightening labor market.
Kuroda's remarks emerged after minutes of the major bank's April 26-27 gathering disclosed that it’s ok for policymakers if the country’s government debt purchases decrease below its guidance for market operations.
Kuroda stressed that the Japanese economy appears to be on firmer footing, though it’s far away from the BOJ’s 2% inflation goal. He added that it’s a normal thing to keep monetary conditions easy with the country’s current market operations framework.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.