What is it? It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.

Usual Effect: If the statement is more aggressive than expected, you can expect the JPY to rise.

When? October 7^th at 2:32am Eastern Time.

Trading Tip: The announcement can greatly affect the JPY, make sure to make your trade before.

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Monetary Policy Statement (JPY) - 7/10

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What is it? It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.

Usual Effect: If the statement is more aggressive than expected, you can expect the JPY to rise.

When? October 7^th at 12:54am Eastern Time.

Trading Tip: The announcement can greatly affect the JPY, make sure to make your trade before.

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Other top stories: 

RBA Rate Statement (AUD) - 6/10

Daily Market Review - 6/10

4 Tips for Today's Trading - 6/10

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What is it? It's among the primary tools the RBA Reserve Bank Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

Usual Effect: If the statement is more aggressive than expected, you can expect the AUD to rise.

When? October 6^th at 11:30pm Eastern Time.

Trading Tip: The announcement can greatly affect the AUD, make sure to make your trade before.

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Other top stories: 

Daily Market Review - 6/10

4 Tips for Today's Trading - 6/10

Cash Rate (AUD) - 6/10

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US stocks were rising as a result of the NFP data on Friday. The data was better than expected and showed that 236,000 jobs were created during the past month. In addition to positive payroll data the Unemployment rate also declined to its lowest level since 2008.

This also affected the Asian market, which rose as well during the day.

Disappointing data from Germany supported the slowdown in the European economy. This further drove speculation that the European Central Bank will need to act to boost the economy and avoid the risk of deflation.

Gold sharply declined after the labor data from the US was released. The metal trades inversely to the Dollar and the Dollar’s rise on Friday pushed Gold down to a 15 month low. Further declines were seen as stocks were also boosted and equities act as an alternative investment to the commodity. 

Trading Tip: As the price of Gold is so low, we could see an increase in physical demand. But with no key daya being released today, it is most likely that we will see the asset trading badly.

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Other top stories: 

4 Tips for Today's Trading - 6/10

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Gold's Downfall

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