An important week commences with mines of economic numbers and important central bank meetings. The Bank of Japan kept the unchanged but tweaked some . The BoJ declared unlimited buying of government bonds and removed price momentum from its forward guidance. However, the pair failed to gather any significant momentum on the back of the fresh bazooka from the BoJ.
The and the will also publicize their monetary policy measures this week. There is no doubt that both banks have been busy battling a war against the impact of coronavirus on their economies.
Overall, the sentiment was positive in Asian markets due to the fresh bazooka from the BoJ and the fact that authorities around the globe have started to ease off some of the restrictions around coronavirus.
European and are building up gains on the back of this confidence. Although, speculators question if the stocks are overvalued given the recent rally that we have seen in the equity…