BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
ECB Signals Steady Rates Ahead as Policymakers Warn of Inflation Risks 
This week is extremely risk-heavy not just in terms of data but events as well.
What to watch for over the coming days:
- Central Banks:
Reserve Bank of Australia (RBA) will announce interest rate decision on Tuesday. On Wednesday, US Federal Reserve will release minutes of the June meeting, at which the policymakers increased interest rates by 25 basis points and unveiled plans to trim balance sheet.
- Economic data:
Manufacturing and services numbers from across the globe will be released this week. NFP payroll numbers from the US will be released on Friday.
- G20 meeting:
Global leaders of the G20 countries will meet this week for a two-day summit in Hamburg Germany. This will be the first such meeting for the US President Donald Trump who is also set to meet the Russian President Vladimir Putin for the first time on the sidelines of G20. Some leaders would be meeting Trump for the first time since his inauguration.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, and Korean peninsula are likely to keep influencing the market.
