BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate 
Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Trade balance for June came at $42.77 billion. Imports are up 17.2 percent, while exports are up by 11.3 percent.
Upcoming:
- Germany: HICP inflation report will be released at 6:00 GMT.
- France: HICP inflation report for June will be released at 6:45 GMT.
- Spain: HICP inflation for June will be released at 7:00 GMT.
- Switzerland: Producer and import price inflation report will be released at 7:15 GMT.
- United States: Producer price inflation report will be published at 12:30 GMT, along with weekly jobless claims report. Janet Yellen will testify before Congress for a second day beginning at 14:00 GMT. Fed’s Evans will be speaking at 15:30 GMT, and Brainard at 17:00 GMT
- Canada: House price report is scheduled for release at 12:30 GMT.
- New Zealand: June business PMI report will be published at 22:30 GMT.
- Auction: U.S. will auction 30-year bond at 17:00 GMT.
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