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 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data and events so far:
- Japan: Markit services PMI came at 51.9 in June.
- New Zealand: ANZ commodity price index down 3.9 percent in June.
- Australia: Trade balance for the month of May came at $5.745 billion with imports up by 2 percent and exports by 4 percent. Building permits down 19.6 percent y/y in May.
- China: Caixin services PMI declined to 52 in June.
Upcoming:
- Spain: Markit services PMI to be released at 7:15 GMT.
- Italy: Markit services PMI to be released at 7:45 GMT.
- France: Markit services PMI to be released at 7:50 GMT.
- Germany: Markit services PMI to be released at 7:55 GMT.
- Eurozone: Markit services PMI to be released at 8:00 GMT.
- United Kingdom: Markit services PMI to be released at 8:30 GMT.
- United States: MBA mortgage applications report due at 11:00 GMT, followed by ADP employment report at 12:15 GMT, and Challenger jobs report at 12:30 GMT. Weekly jobless claims report will be released at 12:30 GMT, followed by ISM manufacturing PMI at 14:00 GMT, along with Factory orders 14:00 GMT. EIA will release crude oil inventory report at 14:30 GMT, and natural gas storage report at 16:00 GMT.
- Canada: Trade balance report will be released at 12:30 GMT.
- Auction: U.S. will auction 1-month bills at 15:30 GMT.
