New Zealand data is taking a bit of a backseat at present given the Reserve Bank of New Zealand is very firmly on hold at present. Still, eyes will be on the jobless rate with the NZ economy in recession.
The Bank of Japan minutes are from the June meeting. The ‘Summary’ of this meeting was interesting for the comments recognising rising inflation and gave a bit of a heads up to the massaging of YCC at the July meeting:
- Heads up folks, the July (27, 28) Bank of Japan meeting is going to be huge – YCC pivot
- More from the BOJ June meeting summary: One member called for early revision of YCC policy
- USD/JPY lower after the BOJ says CPI may not drop below 2%
- BOJ says strong chance CPI will moderate, but not to back below 2% by mid fiscal year
I’ve
noted data for New Zealand and Australia with text as the similarity
of the little flags can sometimes be confusing.
This article was written by Eamonn Sheridan at www.forexlive.com. Source