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1 Feb 2017

Japan’s Asakawa: Japan's monetary policy is aimed at escaping deflation

Japan’s ministry of finance official, Asakawa, crossed the wires earlier today, via Reuters, commenting on the objective of the BOJ’s monetary policy.

Key Headlines:

Japan's monetary policy is aimed at escaping deflation

Not aimed at fx

There has been no change to the stance that extreme FX moves are undesirable

Cannot comment on trump's FX remarks

Feb 1, 2017

Gold sits above 10-DMA for the first time in more than a week

Gold prices sit comfortably above the 10-DMA for the first time since January 24 on account of the broad based USD weakness and Trump policy uncertain
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Feb 1, 2017

OPEC compliance rate stands at 82%

As per the Reuters survey, OPEC cut 1 million barrels from its combined daily output, which represents a compliance rate of 82% in January. The group
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