FOREX News and Overnight Technical Levels- June 15th

[B]Asia - JPY/CNY[/B]

  • Bank of Japan keeps benchmark rate unchanged at 0.5 percent as expected. With vote unanimous, Fukui notes that rates will rise gradually - “We need to be more confident about the outlook for the economy and prices.”
  • Japanese tertiary industry index for the month of April advances 1.7 percent in the month over month assessment. Higher than expected, figure eclipses 1.5 percent consensus.
  • Coincident index advances 18.2 percent.

[B]Europe - EUR/GBP[/B]

  • Eurozone trade balance for the month of April rises higher than expected, prints addition of 1.8 billion.
  • Swiss April adjusted retail sales vaults higher by 3.2 percent. Lower than expected with consensus estimating 5.5 percent.

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