Volatility alert on JPY. Stay tuned and follow the trend!
Investors will be looking to a busy trading week ahead which marks the start of the third quarter.
On the economic calendar are scheduled events that include the RBA’s monetary policy meeting and the UK’s PMI numbers.
It is also a busy week from the U.S. which will see the release of the monthly ISM’s manufacturing and non-manufacturing PMI as well as payrolls data and the ADP private payroll figures.
The FOMC will also be releasing their meeting minutes this week.
Japan’s quarterly Tankan surveys
The Bank of Japan will be releasing its quarterly Tankan manufacturing and non-manufacturing surveys this week.
Data for the second quarter showed that large firms in Japan had lowered their expectations on business somewhat.
The sentiment is expected to prevail for the third quarter outlook as well.
This comes amid heightened uncertainty about trade restrictions and tariffs that are being imposed by the U.S. administration.
With the global trade already seen taking a hit and the risk of a global trade war a possibility, Japanese firms are expected to tread with cautious.
The somewhat subdued pace of growth in the Tankan survey indexes could potentially dent the sentiment in Japan’s economy as well.