RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
ECB May Stop Rate Hikes After December, Capital Economics Says 
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Trump Demands Powell Resign Over Fed Renovation Cost Overruns 
BOJ Raises Interest Rate to 31-Year High as Yen Weakens 
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Lots of economic data and events scheduled for today, but all with low to medium volatility risks associated.
Data and events so far:
- G20: The much anticipated two-day G20 meeting begins today in Osaka Japan.
- Australia: Private sector credit growth slowed to 3.6 percent y/y in May.
Upcoming:
- Japan: Housing starts and construction orders report due at 5:00 GMT.
- Spain: Q1 GDP report due at 7:00 GMT, followed by retail sales report at 8:00 GMT.
- Germany: Import price inflation report due at 6:00 GMT.
- France: CPI inflation report due at 6:45 GMT.
- United Kingdom: Q1 GDP report will be published at 8:30 GMT.
- Italy: HICP inflation report will be released at 9:00 GMT, and PPI inflation 10:00 GMT.
- Eurozone: CPI inflation report due at 9:00 GMT.
- United States: Personal consumption and expenditure report due at 12:30 GMT, followed by Chicago PMI report at 14:00 GMT.
- Canada: April GDP report will be released at 12:30 GMT. Bank of Canada (BoC) will release its business outlook survey at 14:30 GMT.
