A busy data agenda from the Asian time zone for Monday, but there is not too much here to move the FX (big surprises excluded). From the top:
2245GMT New Zealand Manufacturing Activity Volume for Q2
2350 GMT Japan Q2 GDP, the 'final' reading
The preliminary readout is here: Japan Q2 preliminary GDP 0.5% q/q (vs. expected +0.3%)
- GDP (seasonally adjusted) for Q2, preliminary, q/q: 0.5%
- GDP Annualized (seasonally adjusted) for Q2, preliminary y/y: 2.6%
- GDP Nominal (seasonally adjusted) for Q2, preliminary q/q: 0.4%
- GDP Deflator y/y for Q2, preliminary: 0.1% (Deflator is an inflation measure)
- GDP Consumer Spending y/y for Q2, preliminary q/q: 0.7%
- GDP Business Spending y/y for Q2, preliminary q/q: 1.3% (capex up for the 7th straight quarter)
Also at At 2350GMT:
- BoP Current Account Balance for July, expected ¥ 1900.4B, prior ¥ 1175.6B
- BoP Current Account Adjusted: expected ¥ 1557.0B, prior ¥ 1762.4B
- Trade Balance BoP Basis: expected ¥ -47.7B, prior ¥ B820.5
I'll have more to come on this separately
Also at 2350GMT from Japan
- Bank Lending excluding trusts August y/y: prior 2.0%
- Bank Lending including trusts XXXy/y: prior 2.0%
0110GMT Japan - BOJ JGB buying operation planned
- 1 - 3 years, 3 - 5 years, 5 - 10 years remaining until maturity
0130GMT China inflation data for August
- CPI expected 2.1%, prior 2.1% y/y
- PPI expected 4.0%, prior 4.6% y/y
I'll have more to come on this separately.
0305GMT Reserve Bank of Australia
- Speech by Michele Bullock, Assistant Governor (Financial System)
- Topic is "The Evolution of Household Sector Risks"
Be on alert for headlines from this, they will likely be along the lines of a heavy debt load adding to risks