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16.06.2015 06:19 Foreign exchange market. Asian session

 

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

01:30 Australia New Motor Vehicle Sales (YoY) May 2.8% 0.8%

01:30 Australia New Motor Vehicle Sales (MoM) May -1.5% -1.3%

01:30 Australia RBA Meeting's Minutes

 

The yen slid after Bank of Japan Governor Haruhiko Kuroda told parliament Tuesday that he didn't mean to predict a future nominal exchange rate when discussing the yen's weakness last week. Sixteen of 35 economists surveyed by Bloomberg see the BOJ adding to its unprecedented easing by the end of October, down from 21 of 36 in May.

Germany and the U.K. update consumer prices data Tuesday, and the ZEW survey of growth expectations in the euro region is due.

While U.S. data from hiring to spending has supported the case for tighter monetary policy, the Fed -- which starts a two-day meeting Tuesday -- isn't projected to move on interest rates until at least September.

 

EUR / USD: during the Asian session, the pair was trading around $ 1.1275

GBP / USD: during the Asian session the pair rose to $ 1.5610

USD / JPY: during the Asian session the pair rose to Y123.80



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