Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target 
Bank of Japan Eyes April Rate Hike Despite Inflation Dip, ING Says 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
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Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI declines to 52.5 in May.
- Australia: Westpac leading index up 0.2 percent in May. Construction works down in the first quarter down 0.2 percent.
Upcoming:
- France: ILO unemployment report for the first quarter will be released at 5:30 GMT. Flash PMI reports will be released at 7:00 GMT.
- Germany: Flash services PMI reports will be released at 7:30 GMT.
- Eurozone: Flash services PMI reports will be released at 8:00 GMT.
- United Kingdom: UK inflation reports (RPI, CPI, PPI, and HPI) will be released at 8:30 GMT. CBI trade survey report will be released at 10:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. Flash PMI reports will be released at 13:45 GMT. New home sales report will be released at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC will release minutes at 18:00 GMT. Fed’s Kashkari is set for a speech at 18:15 GMT.
- New Zealand: April trade balance report will be released at 22:45 GMT.
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