Quotes from the news wire:
Key points for the markets this week will be how the remaining U.S. corporate earnings releases turn out, and whether they are in line with recent upbeat data, while corporate earnings and fundamentals remain key, political developments, notably the U.S.-China trade situation, remain potential risk factors.
The BOJ might have tried to do something by opting for negative rates, but in reality the initiative belongs elsewhere. Dollar/yen is dictated by global risk sentiment, which also decides the trend in the currency market as a whole, the BOJ can only do so much. The markets see through the fact that the central bank's efforts would not be effective in the absence of domestic demand, which is up to the government to create through its policies.
China looks to be the main theme for 2016, as developments there could unsettle equities while disrupting the Fed's intended rate hike schedule, china risk adds a layer of support to the yen, which already looks to appreciate this year as Japan's current account surplus grows at a faster-than-expected pace.
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