EU mid-market update: Traders sit on hands despite collection of economic data and continued earnings; BoJ, Fed, BoE and Friday payrolls deemed more important. Notes/observations - Data driven EU session of preliminary CPI and GDP readings failed to move any needles ahead of more important catalysts

Key points Japan's inflation and wage growth have recently come in above expectations, bolstering the speculation about a possible rate hike and reduced bond buying from the Bank of Japan. We believe the BOJ will adopt a gradual and cautious approach, balancing the risk of economic slowdown and mark