Today we will issues a one-two-three punch to your forex portfolio in order to rattle the cage so the pips can fall into your lap; make sure to bring a big bag of it. We will start in Asia where the Bank of Japan (BOJ) shook the markets with an announcement that it will tweak its monetary policy. The tweak was focused on how the Japanese central bank will purchase long-term debt as it already rolled back the amount it bought.

The European Central Bank (ECB) received another economic surprise today as the consumer price index (CPI) for September was released. Economists predicted the CPI to increase by 1.5% annualized, matching the rate of inflation which was reported for August. This is still short of the 2.0% inflation target set out by Mario Draghi and the ECB.