BOJ Signals Possible December Rate Hike as Yen Weakness Raises Inflation Risks 
Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI declines to 52.5 in May.
- Australia: Westpac leading index up 0.2 percent in May. Construction works down in the first quarter down 0.2 percent.
Upcoming:
- France: ILO unemployment report for the first quarter will be released at 5:30 GMT. Flash PMI reports will be released at 7:00 GMT.
- Germany: Flash services PMI reports will be released at 7:30 GMT.
- Eurozone: Flash services PMI reports will be released at 8:00 GMT.
- United Kingdom: UK inflation reports (RPI, CPI, PPI, and HPI) will be released at 8:30 GMT. CBI trade survey report will be released at 10:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. Flash PMI reports will be released at 13:45 GMT. New home sales report will be released at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC will release minutes at 18:00 GMT. Fed’s Kashkari is set for a speech at 18:15 GMT.
- New Zealand: April trade balance report will be released at 22:45 GMT.
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