Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
Not many economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: RBA kept interest rates unchanged at 1.5 percent.
- Japan: Labor cash earnings grew 0.5 percent y/y in April.
- New Zealand: ANZ commodity prices grew 3.2 percent in May.
Upcoming:
- Eurozone: Sentix investor confidence report will be published at 8:30 GMT, followed by retail sales report for April.
- United States: Redbook index will be updated at 12:55 GMT, followed by JOLTS jobs report and TIPP economic optimism at 14:00 GMT.
- New Zealand: Global dairy auction is scheduled today. 1st quarter manufacturing sales report will be published at 22:45 GMT.
- Canada: IVEY PMI report will be published at 14:00 GMT.
- Australia: Aig construction index will be updated at 23:30 GMT.
- Auction: U.S. will auction 1-month bills at 15:30 GMT. The UK will auction 30-year bond today.
