📅🌏 ASIA ECONOMIC & EVENT CALENDAR — JAN 23, 2026
🇳🇿🇯🇵 NZ & JAPAN CPI | BOJ DECISION DAY
Asia is packed with high-impact macro events today — volatility risk elevated, especially in FX.
🕒 Key Events to Watch
🇳🇿 New Zealand CPI (Q4)
• Inflation data critical for RBNZ rate expectations
• Strong print = NZD support
• Weak print = rate-cut pressure returns
🇯🇵 Japan CPI (National)
• Core inflation closely watched
• Reinforces or weakens the case for BOJ normalization
• Direct implications for JPY volatility
🏦 Bank of Japan Policy Decision
• No rate change expected, but guidance is everything
• Any hint on timing of further normalization could trigger sharp moves in USD/JPY, JGBs, and Nikkei
• Market sensitive to language around inflation persistence and wage growth
🧠 Why this matters
With USD already under pressure and intervention risk elevated, Asia data today could amplify FX moves, especially:
• JPY pairs
• NZD crosses
• Regional risk sentiment
⚠️ Expect headline-driven volatility — patience and position sizing matter.
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