Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: BoJ kept monetary policy unchanged.
- China: Foreign Direct Investment (FDI) declines to 0.7 percent y/y.
Upcoming:
- Japan: BoJ Governor Kuroda’s press conference is scheduled at 6:30 GMT.
- Italy: April trade balance report will be released at 8:00 GMT.
- Eurozone: May CPI inflation numbers will be published at 9:00 GMT, along with first quarter Labor costs.
- United Kingdom: BoE will release quarterly bulletin at 11:00 GMT.
- United States: Building permits and housing starts numbers will be updated at 12:30 GMT, followed by Michigan consumer sentiment at 14:00 GMT. Fed’s Kaplan is scheduled to speak at 16:45 GMT.
