Marketmind: Central bank bonanza, yen intervention watch

It's all about global interest rates for Asia on Thursday.

The central banks of Indonesia, the Philippines and Taiwan are all widely expected to keep key lending rates on hold at 5.75%, 6.25% and 1.88%, respectively, so investors will be looking to policy statements for clues on future moves. U.S. crude oil fell 1%, its biggest fall in a month - some relief for investors, who will also note that this was the first time in a month oil has fallen two days in a row.

The Bank of Japan meets on Friday, and a growing number of analysts were already expecting a signal that ultra-loose policy would soon end. A renewed slide in the exchange rate could raise those expectations even further.

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Marketmind: Central bank bonanza, yen intervention watchThree monetary policy decisions in Asia and a finely balanced call from the Bank of England will give Asian markets their steer, as investors digest the Federal Reserve's policy decision, revised forecasts and guidance on Wednesday. The central banks of Indonesia, the Philippines and Taiwan are all widely expected to keep key lending rates on hold at 5.75%, 6.25% and 1.88%, respectively, so investors will be looking to policy statements for clues on future moves.
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