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Economic calendar in Asia Tuesday, 19 March 2024 – BOJ and RBA day!

The Bank of Japan is expected to exit its negative interest rate policy today, after eight years. There is no set time for the statement, there never is, but past experience shows to expect it sometime in the 0230 to 0330 GMT time window.

The news flow on the pivot from the Bank of Japan has been relentless, with little push-back from the Bank. So, while there have been rumours of change going into nearly every meeting for the past two years, this time appears to be different. Expectations are for an end to negative rates, ETF purchases and YCC. Given the fickleness of the BOJ I’d put a 75% probability on the pivot today and a 25% probability of a rug-pull no change. The latest news flow is here:

The Reserve Bank of Australia statement is also due today, and is taking a back seat to the events in Tokyo.

  • This snapshot from the ForexLive economic data calendar, access it here.
  • The times in the left-most column are GMT.
  • The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.

This article was written by Eamonn Sheridan at www.forexlive.com.

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