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An upbeat view to come from BoJ? – RBS

FXStreet (Guatemala) - RBS strategists noted that the Bank of Japan decision is released and they are in line with the widely held consensus expecting no change.

“The BoJ has remained fairly neutral in terms of its policy signalling through the implementation of the consumption tax hike and we expect the Bank will maintain a generally upbeat view on the economy and prices”.

“The Bank may be encouraged by the upward revision in capital expenditure in the first quarter GDP”.

“That increase in domestic capex, should it fuel larger distributions to household income, may support demand even accounting for the dampening impacts of the consumption tax hike. Our economists discuss this point in depth in their economics weekly”.

AUD/NZD; battle of the yields

AUD/NZD is trading at 1.0856, up 0.07% on the day, having posted a daily high at 1.0867 and low at 1.0842.
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AUD: Forget about fundamentals, it's all about sentiment - TDS

Annette Beacher and Prash Newnaha, FX Strategists at TD Securities, share their take on what they believe to be the main driver in the Australian Dollar, namely sentiment for high-yielding assets such as AUD, NZD.
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