Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
RBNZ Holds Rates at 2.25% as Middle East Conflict Fuels Inflation Concerns 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
RBA's Hauser Flags Uncertainty on Rate Settings Amid Iran War Economic Risks 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: Consumer price inflation expectation rose to 3.7 percent in May. Employment rose by 22,600. The unemployment rate rose to 5.6 percent on the higher participation rate.
Upcoming:
- Italy: March trade balance report will be released at 8:00 GMT.
- Eurozone: Construction output report will be released at 9:00 GMT. ECB Vice President Constancio is set for a speech beginning at 10:30 GMT.
- United States: Weekly jobless claims report will be released at 12:30 GMT, along with Philadelphia Fed manufacturing survey. EIA will release weekly natural gas inventory report at 14:30 GMT. FOMC member Kashkari set for a speech at 14:45 GMT, and Kaplan at 17:30 GMT.
- Canada: April ADP employment report will be released at 12:30 GMT. BoC will release review report at 14:30 GMT.
- United Kingdom: MPC member Haldane is set for a speech at 16:00 GMT.
- Japan: April inflation report will be released at 23:50 GMT.
- Auction: Spain will auction 3-year, 5-year, and 10-year bonds today. France will auction 10-year bond today.
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