Japan rate decision due
Economists are predicting the Bank will refrain from introducing any changes to monetary policy while the Japanese economy remains in a fragile state. The Bank is also expected to maintain its 0.1% interest rate throughout 2010.
After contracting for four consecutive quarters the Japanese economy grew by 3.9% in the second quarter of 2009. Export levels and production have posted modest rises. Recent woes for the Japanese economy have been exacerbated by the sharp rise of the yen since recession began, as investors flocked to the perceived safety of the Japanese currency.
Exchange rates for the Japanese yen are currently at 97.1 to the US dollar and 159.8 to the pound.
The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.