Key central bank meetings ahead - Nomura

Analysts at Nomura noted the two key Central Banks meeting this week.

Key Quotes:

"The Bank of Japan (BoJ) on Tuesday is expected to maintain the status quo with its policy rate and 10-year yield target at -0.10% and around 0.0% respectively. 

Despite a slight uptick in inflation and recent upbeat data releases, price momentum is still below the 2% target rate. 

The first decision of the year by the European Central Bank (ECB) this Thursday is the obvious focus in the Eurozone. 

No change in policy or communication is expected. 

Markets may have judged the December minutes as a hawkish shift in rhetoric, but recent EUR strength, in our view, will prevent the ECB from changing its forward guidance too soon."