FX Action: USD-JPY continues to ply a narrow trading range FX Action: USD-JPY continues to ply a narrow trading range, struggling to retake the 120 handle, though not able to move under 119.80 either. Given the ongoing Japanese data misses (most recently a slide in machine orders), the prospects for further BoJ stimulus at the end of October would seem to be on the rise. As a result, analysts can likely anticipate the market pricing this event into USD-JPY in the coming sessions, with risks certainly looking to be to the upside for the pairing.
The recently hawkish St. Louis Fed's Bullard The recently hawkish St. Louis Fed's Bullard will give welcome remarks at the Fed's symposium on Children's savings accounts from 9:30 ET. Uber-dove Kocherlakota of the Minneapolis Fed also gives introductory comments at a forum on Greater Mankato growth from 13 ET. Finally, SF Fed moderate Williams will again discuss the economic out from Spokane, Washington, from 15:30 ET. He has been upbeat on growth this week despite the September jobs report and still eying a rate hike by year-end.