Economic calendar due from Asia today – BoE Carney to speak (?), BOJ QE action too

Plenty on the news
and data agenda today (the known unknowns) and at a guess we’ll get
some unknown unknowns thrown in

Please bear with me
for interrupting your thrashing of the USD, this won’t take long

2100 GMT — New Zealand — ANZ Consumer Confidence Index for
February

  • prior +4.2% m/m to
    126.9

The January result
was the first increase in 4 months after some post-election
nail-biting amongst consumers … and what a big jump it was in that
month. A highlight was both the current and future conditions indexes
increased, with the current index at its highest since 2007

2145 GMT — New Zealand — Building Consents (permits) for January

  • prior -9.6% m/m for
    this very volatile data series

I haven’t seen an
‘expectations’ survey but the odd bank note I have seen indicates
analysts are looking for a rebound this month-on-month. On the flip
side, residential consents seem to have peaked and capacity
constraints are a negative for the sector. Monthly volatility aside
the y/y picture is still showing gradual growth, there is ongoing
demand for new building in NZ

2330 GMT from Japan (note that
time, not the more regular 2350 GMT, 20 minutes earleir)

Jobs data:

  • Jobless Rate for January, expected is 2.8%, prior was 2.8% (yes, very low unemployment and very low inflation … go figure)
  • Job-To-Applicant
    Ratio for January, expected is 1.60, prior was 1.59

And Tokyo inflation
data

  • Tokyo CPI y/y for February, expected is 1.4%, prior was 1.3%
  • Tokyo CPI excluding Fresh Food y/y for February, expected is 0.8%, prior was 0.7%
  • Tokyo CPI excluding
    Food, Energy y/y for February, expected is 0.5%, prior was 0.4%

I’ll have more on
the employment and inflation data (previews) separately

2350 GMT — Japan —
monetary base data for February

0000 GMT — Bank of
England Governor Mark Carney
to speak …. that’s what I have
anyway but I’m gonna say «I don’t think so». Its an event in
London … but the Gov. scheduled for midnight??? What is this, a
rave party? Maybe the text of his speech is to be released, but I
reckon no way is he live and in person at that time. Anyway, I’ll
keep eyes and ears open and a few glow sticks handy just in case.

0110 GMT — Bank of
Japan JGB buying operation scheduled

  • 1-3, 3-5, 5-10 years

Keep alert for this,
at the operation this week the bank (tiny) tapered and sent the yen
on a little spike:

  • USD/JPY is lower following this (ICYMI) … BOJ cuts 25+ year JGB purchases

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