There is not a lot on the data agenda in Japan today. What we do get comes in at 2350GMT:
- BOJ monetary policy meeting minutes from July 10 and 11
- Machine orders for June, for the m/m expected is -7.0% and prior was 10.5%
- Machine orders for June, y/y: expected is 2.6% and prior 16.5%
I’ll have a bit more of a preview of these up later.
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We’re sitting just below overnight session highs on USD/JPY as the North American market winds down, closest resistance is here (short-term) then 9897.25/30. Support 96.40/45 (short-term) and then 95.90/95.
Expect more on the sales tax question out of Japan today, we should get a few comments bandied about from Japanese politicians.
