Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Few economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- New Zealand: Credit card spending up 4.5 percent y/y in April.
- Australia: In his speech governor Lowe confirmed RBA’s easing bias.
Upcoming:
- United Kingdom: CBI industrial trend survey report will be released at 10:00 GMT.
- United States: Existing home sales report due at 14:00 GMT. Fed’s Evans’ speech at 14:45 GMT, and Rosengren’s at 16:00 GMT.
- New Zealand: Q1 retail sales report due at 22:45 GMT. Global dairy auction is scheduled today.
- Japan: Machinery orders and trade balance reports will be published at 23:50 GMT.
