BoJ in focus
• Holiday vibes. Quiet start to the week. US equities & bond yields a little higher. AUD continues to track near the top-end of its multi-month range.• Fed rhetoric. More Fed members tried to push back on rate cut pricing. PCE deflator (the Fed’s preferred inflation gauge) due at the end of this week.• Macro events. RBA minutes are due & the BoJ hands down its decision. No change expected, but there is a chance the BoJ lays the platform for future moves. It has been a quiet start to the final week before Christmas across markets. In contrast to...