There will be a significantly lighter news schedule this week compared to last week, with major central bank input due from the Bank of Japan, and the Reserve Bank of Australia. There will also be a few items of important U.S. economic data. This week’s agenda will almost certainly be dominated by input from the central banks, due on Tuesday, which should also be the most active day for the market this week.
Friday is a public holiday in Japan.
Japanese Yen
It will be an important week for the Yen, with all the action happening on Tuesday, seeing the release of the Bank of Japan’s Monetary Policy Statement and Policy Rate, followed by the usual press conference.
Australian Dollar
It will be an important week for the Aussie, with all the action happening on Tuesday, seeing the release of the Reserve Bank of Australia’s Monetary Meeting Minutes, as well as the Australian Treasury’s Mid-Year Economic and Fiscal Outlook.
U.S. Dollar
It will be an average week for the greenback, beginning on Wednesday with the release of Crude Oil Inventories data. Thursday will bring Unemployment Claims, Final GDP and Core Durable Goods Orders.
Canadian Dollar
It will be an average week for the Loonie, beginning on Thursday with the release of CPI and Retail Sales data. On Friday, we will get GDP data.
New Zealand Dollar
It will be an average week for the Kiwi, starting on Tuesday with the release of GDT Price Index data. On Wednesday, we will get GDP data.
British Pound
It will be a quiet week for the Pound, with nothing important due until Current Account data on Friday.