Outlook

  • Japan: A unchanged monetary policy from the BOJ is likely to be met with a muted reaction from markets. However, any changes to the BOJ’s assessment of the economy or inflation could move markets.
  • United States: A strong reading on the University of Michigan consumer sentiment index could boost investor sentiment and support stock prices. However, a weak reading could weigh on investor sentiment and pressure stock prices.

AUDJPY

Key Economic News for Thursday, June 15, 2023 (UK time).

Australia will release its employment change and unemployment rate data at 2:30am . A stronger-than-expected employment report could boost the Australian dollar.
China will release its industrial production data at 3:00am . A weaker-than-expected industrial production report could weigh on the Chinese yuan.
The European Central Bank (ECB) will hold its monetary policy meeting at 1:15pm . EUR/USD could rise if the ECB raises interest rates.
The United States will release its core retail sales, Empire State Manufacturing Index, retail sales, and unemployment claims data at 1:30pm . A weaker-than-expected retail sales report could weigh on the US dollar. A stronger-than-expected Empire State Manufacturing Index could boost the US dollar.