BoJ Poised to Ease

G10 Advancers and Decliners vs USD
CHF 0.19
EUR 0.12
GBP 0.10
JPY -0.09
• New Zealand Jan retail sales m/m 0.8% vs. 0.5% exp, y/y 2.3% vs. 3.6% exp, ex-autos 0.3% m/m vs. 0.9% exp.
• New Zealand Feb median house prices unch m/m, 6.1% y/y, sales 37.2% and -3.8%, residential house price index 0.4% m/m
• According to Bloomberg US President Obama is to nominate SF Fed President Yellen to be FOMC ViceChair
• Japanese Prime Minister Hatoyama states will respond to yen…

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