Further comments on the day by BOJ board member Takako Masai More or less along the same lines on what she commented earlier in the day. here
Reserve Bank of Australia’s Alexandra Heath, Head of Economic Analysis, speaking Most of the speech is on the housing market (d’uh … see title and link to the full text below), but a couple of comments on the economy more generally Full text:
This a snippet from an ING client note out overnight on China, the US, the Fed, and … well, read on: another round of US tariffs against China are going into effect on Friday – likely prompting an immediate Chinese response
Bank of Japan Takako Masai (member of the Policy Board) speaking – Says the Bank of Japan appropriate for the Bank of Japan to continue with strong monetary easing in a persistent and sustainable manner H, worth a scan. BOJ in no move towards exit from loose policy.
People’s Bank of China revalues the onshore yuna today, big move higher for CNY against the USD at the central rate setting today That is a huge jump for the CNY today … PBOC seemingly not all that fussed about stability!
You’ll have seen the news out overnight re the European Central Bank then follow-up The news hit at the end of the day for UK trade and with US markets out for the July 4 holiday
Due at 1400GMT on 5 July 2018 are the minutes of the June 12-13 Federal Open Market Committee meeting. I posted a preview here yesterday: Adam had this one also:
Bloomberg report The story on some ECB members wanting to push up expectations is . now online There is an interesting tidbit about the potential for Draghi to hike before he exits:
Kashkari on twitter Kashkari is taking a break from whatever it is he was doing on the holiday to send out a tweet. He cited a US job advertisement looking for a PhD and offering just $15 per hour and mocked the ‘historic work shortage’ because it’s not translating into higher wages.
Bloomberg, citing ECB sources Quick move higher in the euro on the headlines. The odds of a Sept hike have risen on the headlines in the rate derivatives market. It’s up to about 80% from 69%.