A look at the day ahead in Asian markets from Jamie McGeever.
A decent sprinkling of regional economic data and a monetary policy decision in Indonesia should give Asian markets direction on Thursday, with the tone likely to be upbeat following the strong performance of U.S. and world equities on Wednesday.
Economists polled by Reuters expect a quarter-point increase following three consecutive half-point hikes. Indonesia's central bank governor Perry Warjiyo said on Tuesday that he expects December inflation at 5.4%, but easing next year to around 3%.continues to retrace its recent historic inversion, with spillovers from the Bank of Japan's yield curve control shock on Tuesday playing a part.
It could strengthen further in the coming months - there is a huge wall of Japanese money overseas, potentially running into the hundreds of billions of dollars, waiting to come home if the returns are attractive enough.
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