BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Lots of economic data and events scheduled for today, and some with high volatility risks associated. U.S. market is closed today to honor the passing away of former President George W Bush.
Data released so far:
- Australia: Q3 GDP came at 2.8 percent y/y, lower than the expectation of 3.3 percent and lower than 3.1 percent growth in the last quarter.
- Japan: Markit services PMI decline marginally to 52.3 in November.
- China: Caixin services PMI rose sharply to 53.8 in November.
Upcoming:
- Spain: October industrial output report will be released at 8:00 GMT. Services PMI report will be published at 8:15 GMT.
- Eurozone: ECB president Draghi is set for a speech at 8:30 GMT.
- Italy: Services PMI report will be published at 8:45 GMT.
- France: Services PMI report will be published at 8:50 GMT.
- Germany: Services PMI report will be published at 8:55 GMT.
- Eurozone: Services PMI report will be published at 9:00 GMT, followed by the October retail sales report at 10:00 GMT.
- United States: MBA mortgage application report will be published at 12:00 GMT. Fed’s Quarles is set for a speech at 13:15 GMT. Federal Reserve will release its Beige Book report at 19:00 GMT.
- Canada: Bank of Canada (BoC) will announce rate decision at 15:00 GMT.
