Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
BOJ Holds Rates at 1% as Inflation Outlook Eases, October Rate Hike Still Possible 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
In terms of volatility risks, this week is extremely heavy with the focus on Brexit,
What to watch for over the coming days:
- Central Banks: BoE governor Carney’s speech on Wednesday. BoJ governor Kuroda’s speech on Friday.
- Economic data: China’s trade balance data on Monday, loan and money supply statistics on Tuesday, and House price report on Wednesday. United States’ PPI inflation on Tuesday, retail sales report on Wednesday, and industrial production on Friday. UK Inflation report on Wednesday, and retail sales report on Friday. Eurozone CPI inflation on Thursday.
- Geopolitics: U.S. will formally open trade talks with japan, and European Union on Monday this week. U.S. secretary of state continuing his Middle East tour. Brexit voting on Tuesday, with MPs not only voting on the deal but a series of agreements.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and Korean peninsula are likely to keep influencing the market.
