Here is what's coming up on the calendar today during the Asian timezone

2350GMT - Japan - PPI for January

  • expected 0.2% m/m, prior 0.6%
  • expected 0.0% y/y, prior -1.2%

0030GMT - Australia - Housing finance data for December

  • Home loans m/m, expected is +1.0%, prior was +0.9%
  • Investment lending m/m, prior was a big jump of +4.9%
  • Owner-occupied loan value m/m, prior was a much more subdued +0.4%. While there is no survey conducted on what to expect another subdued result seems likely, around +1%

0030GMT - Australia - Reserve Bank of Australia Statement on Monetary Policy (SoMP)

  • Updated inflation, GDP forecasts from the Bank. We got the most recent decision on rates on Tuesda7 (February 7) with the statement from Lowe, along with a speech from Lowe overnight, so there should not be too much to surprise in today's Statement
  • The SoMP is issued four times a year
  • Sets out the Bank's assessment of current economic conditions (domestic & international), and updates the outlook for Australian inflation and GDP growth

This week so far from the RBA:

0430GMT - Japan - Tertiary Industry Index for December

  • expected -0.2%, prior +0.2%
  • The Tertiary Industry Index measures change in output by Japan's service sector; focuses on service industries catering predominantly to domestic needs; eg. wholesale and retail trade, financial services, health care, real estate, leisure, and utilities & more
    Excludes industrial manufacturing sectors
  • Its used as a guide of the level of domestic economic activity