(21 October 2019 ) DAILY MARKET BRIEF 1:JPY set for a rise amid risk events

Brexit Benn Act extension trigger, the follow-up on earnings season and caution over US President Donald Trump expectations of a mid-November phase one trade deal should maintain JPY in upheaval despite disappointing trade data and Typhoon Hagibis damages in October. As inflation in Japan closed the month of September at a 29-month low, speculations that the Bank of Japan is expected to deepen short-term interest rate target deeper into negative territory at its 19 December 2019 meeting is increasing.