It’s a Japanese market holiday today. This follows the weekend election, a poor outcome for the ruling party and may bring pressure on PM Ishiba to step aside:
- Note – It’s a Japanese holiday today, Monday, July 21, 2025 – markets are closed
- JPY has opened trading for the week much stronger. USD/JPY circa 147.85, EUR/JPY 172.10
As for the data agenda, apart from NZ CPI it’s a light one.
The inflation data in NZ is expected to fall q/q but rise y/y. At the margin the lower q/q should be a headwind for the kiwi 4 but a tailwind for NZ equities.
From the People’s Bank of China we’ll have the monthly Loan Prime Rate (LPR) setting. Back in May:
1-year to 3.0%, from 3.1% and the 5-year to 3.5% from 3.6%, where they remain. No change is expeted today. Note that main policy rate the PBOC now use is the 7-day RR, currently at 1.4%.
- This snapshot from the ForexLive economic data calendar, access it here.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
Visit investingLive.com (formerly ForexLive) for additional perspectives.
This article was written by Eamonn Sheridan at investinglive.com.