BoJ Minutes: Will ease further if needed, USD/JPY stalling in the sell-off
The Bank of Japan published a study of economic movements in Japan after its actual meeting, coming in as
USD/JPY is melting to the downside from 1998 highs, eyes on 136.06, BoJ minutes released
USD/JPY bears take over and eye 136 the figure, or thereabouts. The 10-min chart's M-formation's
Fed accelerates the tightening cycle – UOB
Senior Economist at UOB Group Alvin Liew and Rates Strategist Victor Yong review the latest
Canada: Retail sales to moderate amid inflation and higher rates – NFB
Data released on Tuesday showed retail sales in Canada rose 0.9% on April, surpassing expectations,
US: Yields likely to rise further – BBVA
According to the Research Department at BBVA, Treasury yields are likely to rise further, peaking
USD/CAD: Dips are likely hard to sustain – TD Securities
On Wednesday, inflation data from Canada will be released. Market consensus sees a 1% increase
Canada: Retail Sales rise by 0.9% in April vs. 0.8% expected
Retail Sales in Canada rose more than expected in April. USD/CAD trades in negative territory
US: Chicago Fed National Activity Index declines to 0.01 in May from 0.4
Chicago Fed's National Activity Index edged lower in May. US Dollar Index trades with modest
US: Existing Home Sales decline by 3.4% in May vs. 0.2% expected
Existing Home Sales in US fell more than expected in May. US Dollar Index holds
USD/CAD rebounds to 1.2950 on softer oil, risk-aversion ahead of Fed’s Powell, BOC inflation
USD/CAD snaps two-day downtrend, grinds higher around daily tops. Market’s anxiety ahead of Powell’s testimony