Daily digest market movers: PCE expectations hyped up

Overnight, the Bank of Japan (BoJ) kept its interest rates unchanged, triggering USD/JPY to hit 156.80.

At 12:30 GMT, the Personal Consumption Expenditures (PCE) data for March is set to be released:

Both monthly headline and core PCE are expected to rise at the same pace of 0.3% registered in February.

Yearly headline PCE is expected to tick up slightly to 2.6% from 2.5%.

Yearly core PCE is expected to slide lower to 2.6% from 2.8%.

Monthly Personal Income should rise to 0.5% from 0.3%.

Monthly Personal Spending should weaken to 0.6% from 0.8%.

At 14:00 GMT, the last data element to close off this week will be the University of Michigan final data for April:

Consumer Sentiment is expected to remain quite stable from its preliminary reading, ticking to 77.8 from 77.9.

Five-year consumer inflation expectations are expected to remain cemented at 3%.

Equities are overall in the green on the back of that Bank of Japan rate decision. Across the board from Asia, over Europe to the US futures, all major indices are trading with gains.

The CME Fedwatch Tool suggests there is an 88.5% probability that June will still see no change to the Federal Reserve's feds fund rate. Odds of a rate cut in July are out of the cards, while for September the tool shows a 44.6% chance that rates will be lower than current levels.

The benchmark 10-year US Treasury Note trades around 4.67% and keeps lingering around this level.