Bank of Japan: Rates Up or Down? - MMMK 12-18-23

In the previous trading week, a flood of data bombarded markets, encompassing CPI, PPI, retail sales, and multiple Central Bank announcements. However, as the holiday season approaches, this week is notably quieter. Earnings announcements dominate, though without major market-moving names. Notably, the Bank of Japan's upcoming announcement on interest rates could impact the weakening yen.
Regarding economic data, recent trends show a slight GDP slowdown, currently standing at 5.2%. Thursday's release of GDP figures could sway the market. Equally significant is Friday's core PCE price index, crucial to the Fed's inflation watch. A sustained low index could maintain a lower inflation rate, potentially influencing the Fed's rate policy. With markets at all-time highs, an inverted yield curve, and persistent uncertainties, factors like inflation, FOMC actions, and GDP results are critical drivers of volatility.
This week's focus includes sparse economic reports and earnings, while the Bank of Japan's rate decision and Friday's core PCE release hold potential market implications.
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[@BigBriNoregrets]

Look forward to the MMM, - confused on which graph was showed for gdp - q/q ? Mine looked different. Was that a different chart used?
I like to follow along and make specific notes. Thanks again, love it

[@tradingacademy]

yes, that is the quarterly GDP chart. They annualized the number to give you the 5.2% number

[@risenphoenix4528]

Yen has been stronger than USD for the past month and a half with more room for USD JPY to go short. Just saying...

[@naoumhalamoutis1960]

Not a good week to short the market