- N.Z. 2 qtr. Retail Sales ex Inflation (survey 0.7%, prior -1.5%) at 22:45 GMT.
- U.K. RICS House Price Balance (survey -23%, prior -22%) at 23:01 GMT.
- Japan Monetary Policy Meeting Minutes at 23:50 GMT.
- Japan June Tertiary Industry Activity Index m/m ( survey -0.3%, prior +0.7%)at 23:50 GMT.
- China FDI-Foreign Direct Investment for July, y/y, ytd. (prior -3%) time of release is not available.
- Australia NAB July Business Confidence (prior -3) at 01:30 GMT.
- Australia NAB July Business Conditions (prior -1) at 01:30 GMT.
- Australia July New Motor Vehicle Sales m/m (prior -0.6%) at 1:30 GMT.
- Australia July New Motor Vehicle Sales y/y (prior 18.4%) at 1:30 GMT.
Nothing earth shattering ahead of us for today . We may get some interest from the BOJ policy meeting minutes , but then again , we had their terrible GDP numbers last night and USD/JPY didn’t budge . The Obon holiday does continue this week so lack of market interest is understandable. I would think a safe range for tonight’s session in USD/JPY would be 78.10/78.50, simple bids below, offers above.
EUR/USD looking bid from when I saw it last would have to go with sellers above 1.2380, buyers 1.2300, for now. Decent selling in EUR/JPY around the 96.85/90 level might attract some interest tonight.
AUD/USD looking offered against the USD and on a cross basis vs. the EUR and JPY. The 1.0500 level looks a bit dicey and should be tested later in the session , with support again around 1.0450. Sellers appear up at 1.0560 through 1.0580 again .
Good Luck Today.
