Posted 1/23/2024, 3:31:22 PM
Bank of Japan Holds Steady But Hints at Future Rate Hike; Markets Eye US Data and Earnings as Nikkei Retreats from Highs
- Bank of Japan keeps monetary policy unchanged but governor hints at potential rate hike in Q2
- Markets await big US earnings reports, GDP data, and inflation figures this week
- Nikkei index reached record high but ended lower after Bank of Japan announcement
- Technical indicators show pound-yen pair may be overbought and due for a pullback
- China considering more economic stimulus which boosted Aussie dollar; oil prices unaffected by Middle East tensions