BOJ Expected to Cut Rates Deeper to Negative Territory

Financial markets were rather quiet ahead of the BOJ meeting announcement later today, as well as the FOMC announcement later in the US session. Wall Street climbed slightly higher with DJIA and S&P 500 indices adding +0.05% and +0.03% respectively. The energy market was mixed. While the front-month WTT crude oil contract added +0.32%, ending the day at 43.44, the Brent contract slipped -0.15%, closing at 45.88. For refined products, the Nymex heating oil contract rose for the first time in 3 days…

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BOJ Expected to Cut Rates Deeper to Negative Territory