The economic data calendar is thin today, with some Bank of Japan and Federal Reserve mingled in
2350GMT - Bank of Japan 'Summary of Opinions' of the June 15 and 16 meeting
At the meeting the BanK:
- Kept its ledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 trln yen
- Maintained short-term interest rate target at -0.1 pct
- Maintained 10-year JGB yield target around zero pct
- Kept its economic assessment unchanged, ... toward a moderate expansion
- Raised its assessment on private consumption
- Said overseas economies continued to grow at moderate pace as a whole
- Inflation expectations still remain in a weakening phase
The 'Summary' today will provide some further detail. The Minutes of the meeting are not due for release until July 25.
Also at 2350GMT from Japan, Services PPI for May
- expected +0.7%, prior 0.7%
- This is an indicator of inflation for business to business services. It generally does not have much of an immediate FX impact
Later during the Asian day
0500GMT - Leading and coincident indexed from Japan for April, final
0520GMT - Federal Reserve San Francisco head John Williams speaks, in Sydney Australia. He'll be speaking on the economy (the US economy that is).
