Reply To: Traders Market Weekly: When Logic Hits You in The Face


Japan reported its widest trade deficit since January 2014. The Bank of Japan is meeting today and tomorrow, but it is not expected to make any policy changes.
Australia’s MI inflation expectations increased to 6.7% from 5.0% in May, representing the highest increase since the series began in 2008.
South Korea’s President Yoon said that the economy is facing a “very grave” situation.

China’s May Home Prices -0.1% yr/yr (last 0.7%)
Japan’s May trade deficit JPY2.38 trln (expected deficit of JPY2.02 trln; last deficit of JPY842.8 bln)
South Korea’s May Import Price Index 36.3% yr/yr (last 35.0%) and Export Price Index 23.5% yr/yr (last 21.4%)
Australia’s May Employment Change 60,600 (expected 25,000; last 4,500) and full employment change 69,400 (last 93,300). May Unemployment Rate 3.9% (expected 3.8%; last 3.9%) and May Participation Rate 66.7% (expected 66.4%; last 66.4%). MI Inflation Expectations 6.7% (last 5.0%)
New Zealand’s Q1 GDP -0.2% qtr/qtr (expected 0.6%; last 3.0%); 1.2% yr/yr (expected 3.3%; last 3.1%)