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“The Fed remains reasonably upbeat on U.S. growth prospects, but just doesn’t want to take any unnecessary risks with higher unemployment,” said ING’s global head of markets Chris Turner.

“For the near term, the focus is going to be on what pressure is brought to bear on the BOJ,” ING’s Chris Turner said in a research report.

Markets are now pricing just a 20% probability of a BOJ rate increase at this month’s meeting, said Turner, ING’s global head of markets.

“A prolonged disruption at the Grasberg mine could drive copper prices even higher, while intensifying supply challenges for smelters already facing feedstock shortages,” analysts at ING said.

“But there’s a whole other way to impart ideas that I would be completely incapable of, but have no less admiration for. Things that are as inventive as hell and f—ing funny. And you know, it only took 15 seconds of time to put a smile on my face and I’m on to the next one.”