Bank of Japan investor meeting minutes: one participant said maintaining the BOJ's ¥2.1 tln/month government bond purchase pace is appropriate.

日本央行投資者會議紀要：一位與會者表示，日本央行的購債已完成了貨幣政策所扮演的角色，因此央行應最終將每月購債速度放緩至約1.3萬億日元。

US equities may keep setting records, but Wall Street analysts are pulling back. Analysts are downgrading S&P 500 constituents, and JEFFERIES data show the proportion of 'buy' ratings in the broader Russell 3000 has fallen to roughly four-year lows, well below dot‑com era peaks. The shift in analyst stance is being treated as constructive for the rally because it suggests market sentiment has not yet reached the extreme euphoria that typically signals a top. "I typically look at market sentiment by whether there are more new buyers or sellers. The sell side has not yet shown signs of buying," said Andrew Greenbain, senior vice president for equity research product management at JEFFERIES.