Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
Bank of Korea Nominee Shin Hyun-song Calls for Flexible Monetary Policy Amid Iran War Risks 
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
India's Central Bank Holds Rates Amid Iran War Energy Shock 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Australia Bans Card Payment Surcharges Starting October 2025 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data and events so far:
- Japan: Bank of Japan (BoJ) kept monetary policy unchanged at today’s meeting. The press conference is scheduled at 4:30 GMT.
Upcoming:
- Switzerland: Trade balance report for the month of May will be released at 6:00 GMT.
- United Kingdom: Retail sales report due at 8:30 GMT. Bank of England (BoE) will announce monetary policy at 11:00 GMT. BoE governor Carney set for a speech at 20:00 GMT.
- United States: Q1 current account balance will be reported at 12:30 GMT, along with weekly jobless claims report. Philadelphia Fed will also release its manufacturing survey at 12:30 GMT. EIA will release its weekly natural gas inventory report at 14:30 GMT.
- Canada: ADP employment report will be released at 12:30 GMT.
- Japan: National inflation report due at 23:50 GMT.
- Auction: the U.S. will auction 1-month bills at 15:30 GMT.
