Morning bid: Risk asset resilience, Indonesia’s rate call
Investors continue to breathe life back into risky assets, paving the way for a positive market open in Asia on Wednesday as attention in the region turns to the latest interest rate decision and guidance from Indonesia. Trade figures from Thailand and New Zealand, service sector producer inflation data from Japan and consumer price inflation from Australia are the other main highlights from a packed calendar on Wednesday. Yen-buying intervention from Japanese authorities still hasn't materialized, and with the Bank of Japan opening its two-day policy meeting on Thursday, it may be that Tokyo stays out of the currency market at least until next week.