BOJ Seen Moving Toward December Rate Hike as Yen Slides 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
Oil Prices Rise as Geopolitical Tensions and Supply Risks Intensify 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
FOMC Minutes Expected to Reveal Deep Policy Divide as Markets Eye December Rate Cut 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
According to recent data from Japan's Ministry of Health, Labour and Welfare, December's bonus payments declined 0.4% below that of 2014, shattering the Japanese central bankers' hopes of re-inflation. Further the summer bonus payment failed to impress, while regular salaries did not increased over the previous years.
The recent BoJ's monetary policy effect has faded away from the FX market. While the central bank has a number of measures at its disposal to tackle the situation including QE and rate policy among others, markets now clearly see the exchange rate as the only monetary policy measure left with the central bank. The BoJ will have no other option other than devaluating the yen.
