Asia Summary and Highlights 27 Dec

BOJ December meeting summary disappoints JPY hawks
Asia Session
BOJ December meeting summary disappoints hawks as it does not give any cue of change of monetary policy, or worse certain member left dovish remarks. More Ueda remarks on a Monday at Japan Business Federation meeting also crossed the wire, which does not show any urgency to exit loose monetary policy. Nevertheless, the can has been kicked down the road to the spring wage negotiation around March before any changes are expected. USD/JPY immediately spikes but remains in consolidation as it is currently trading 0.12% higher at 142.56. U.S. Treasury Yields are lower across the curve, so as JGB yields.
Regional equities are outperforming the U.S. 3 major equity indexes as China's November industrial profits rebounded strongly. Markets are still enjoying the holiday mood before year end and see limited range for major FX pair. The Antipodeans are sstronger against the USD with AUD/USD up 0.09% and NZD/USD up 0.11% , USD/CAD also slipped by 0.04% on steady oil and GBP/USD up 0.02% while EUR/USD fell by 0.04%.