BoJ & US data in focus
• Improved sentiment. Equities & bond yields higher overnight. The more upbeat risk appetite has supported the AUD in otherwise quiet FX markets.• US data flow. Topline US GDP growth undershot forecasts, but this was because of inventories. Price measures remain high. The ECI & PCE deflator due tonight. The US Fed still has more work to do to tame inflation.• BoJ in focus. Inflation & wage pressures in Japan are building. It appears inevitable the BoJ shifts course. Could the first steps be taken today? Sentiment improved overnight, with equities and bond yields higher. In the US, the S&P500...