Not a lot on the calendar today to move the forex

2245GMT - New Zealand - Food Prices for March, prior -0.6% m/m

2350GMT - Japan - Money stock for March (think of a rocket going up and up and up forever; and of course with a surging money supply inflation is just soari.... oh, nope, off that))

  • M2 expected +3.1% y/y, prior +3.1% also
  • M3, expected +2.5% y/y, prior +2.5% also

2350GMT - Japan - PPI for March

  • For the m/m, expected flat (i.e. 0.0% change m/m), prior -0.2%
  • For the y/y, expected -3.5% and prior -3.4%

0030GMT - Australia - Westpac Consumer Confidence for Apr, prior was a -2.2% m/m to 99.7

Yesterday we got Business confidence (and conditions) ... a HUGE result. Recession? Tell 'em they're dreamin'!