Disappointing export data is expected from Japan for May, down from a lacklustre reading the month before.
The Bank of Japan met Monday and Tuesday and have remained on hold, again. Ueda tried to fill the gap with words:
A summary table of the BOJ taper planBOJ leaves policy rate unchanged in June monetary policy decision, as expectedBOJ governor Ueda says not appropriate to comment on near-term rate hike possibilitiesBOJ governor Ueda: Bond tapering decision more about avoiding excessive market volatilityBOJ governor Ueda: Further rate hike depends on likelihood of achieving our outlookBOJ governor Ueda: We considered market participants’ views for bond planThis 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.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.