Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
The Bank of Japan (BoJ) is expected to maintain its 'QQE with yield curve control' policy unchanged at the next monetary policy meeting ending on Tuesday, January 23. Governor Kuroda is further, likely to downplay the significance of daily market operations and repeat BoJ's commitment to the current yield curve control.
"We expect the BoJ to keep its policy unchanged in 2018, assuming Kuroda is reappointed when his term ends in April. We expect BoJ QE exit concerns and uncertainty about the future BoJ leadership to weigh on USD/JPY and we have lowered our 1M target to 112 (113)," Danske Bank commented in its latest research report.
Meanwhile, over the medium term, USD/JPY is seen to trade mostly sideways within the 110-114.50 range, targeting 113 in 3M, the report added.
Lastly, FxWirePro has launched Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
