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Economic and event calendar in Asia 13 January 2026 - Fed's Williams speaking
Key Takeaways (30s Read)
Focus on Williams' remarks and the political situation in Japan's potential impact on the yen and JGB market.
John Williams, the New York Fed President, is scheduled to give a keynote speech today at 6 p.m. US Eastern time, perceived as a close ally of Fed Chair Powell, his comments are likely to greatly impact the markets.
Meanwhile, Japanese markets are reopening after a long weekend, with noteworthy political news indicating that PM Kishida may call for a snap election in mid-February. This could strengthen his governing mandate, but the immediate implication appears negative for both Japanese government bonds and the yen, especially given Japan's extreme public debt burden and rising debt servicing costs as the Bank of Japan gradually raises rates.
Additionally, New Zealand's business confidence has surged to its highest level in a decade, further indicating that the economy is recovering from a prolonged slowdown. Companies are planning to hire more staff, while positive investment plans signal improved sentiment. Overall, these dynamics will play a critical role in influencing the yen's trajectory, and traders should remain particularly vigilant about the upcoming comments from Williams.
AI Analyst
AI Opinion
"In the current market context, Williams' upcoming remarks are being watched closely as they hold the potential to significantly shift market expectations surrounding interest rates. Given Japan's burdensome fiscal situation and the gradual rate hikes, Kishida's consideration of a snap election may further shake market confidence. Traders need to stay alert to any new developments regarding the yen's movements, factoring in the implications of Williams’ speech. Additionally, the strength of NZD linked to positive business sentiment should not be overlooked, as it can impact cross-currency dynamics and trading strategies."
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