Foreign exchange market. Asian session: yen little changed amid BOJ decision

Economic calendar (GMT0):

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

00:30 Australia Westpac Consumer Confidence July -6.9% -3.2%

01:30 Australia New Motor Vehicle Sales (YoY) June 0.8% 4.0%

01:30 Australia New Motor Vehicle Sales (MoM) June -1.3% 3.8%

02:00 China Retail Sales y/y May 10.1% 10.2% 10.6%

02:00 China Industrial Production y/y May 6.1% 6.0% 6.8%

02:00 China Fixed Asset Investment May 11.4% 11.2% 11.4%

02:00 China GDP y/y Quarter II 7.0% 6.9% 7.0%

03:00 Japan BoJ Interest Rate Decision 0% 0%

03:00 Japan Bank of Japan Monetary Base Target 275 275

03:00 Japan BoJ Monetary Policy Statement

06:30 Japan BOJ Press Conference

The sterling continued climbing on BOE Carney's comments, which suggest that a probability of a rate hike in the near future increases. Carney also noted that higher wages are the key factor of consumption growth. Today investors await employment data. Median forecast suggests a 3.3% growth in average earnings in the three months through May compared to a 2.7% growth reported previously.

The yen showed little reaction to BOJ decision to keep its monetary policy unchanged. The decision was made by 8-1 vote. The bank reiterated that Japan's economy continued to recover moderately.

The Australian dollar rose after data showed that new motor vehicle sales rose by 3.3% in June compared to the previous month. However the AUD was mostly influenced by China GDP data (the index advanced by 7.0% vs 6.9% expected).

EUR/USD: the pair declined to $1.0990 in Asian trade

USD/JPY: the pair traded around Y123.25-45

GBP/USD: the pair rose to $1.5650

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

06:45 France CPI, m/m June 0.2%

06:45 France CPI, y/y June 0.3%

08:30 United Kingdom Average Earnings, 3m/y May 2.7% 3.3%

08:30 United Kingdom Average earnings ex bonuses, 3 m/y May 2.7% 3%

08:30 United Kingdom ILO Unemployment Rate May 5.5% 5.5%

08:30 United Kingdom Claimant count June -6.5 -8.8

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) July 0.1

12:30 Canada Manufacturing Shipments (MoM) May -2.1% 0.4%

12:30 U.S. PPI, m/m June 0.5% 0.2%

12:30 U.S. PPI, y/y June -1.1% -0.9%

12:30 U.S. PPI excluding food and energy, m/m June 0.1% 0.1%

12:30 U.S. PPI excluding food and energy, Y/Y June 0.6% 0.7%

12:30 U.S. NY Fed Empire State manufacturing index July -1.98 3

13:15 U.S. Industrial Production (MoM) June -0.2% 0.2%

13:15 U.S. Industrial Production YoY June 1.4%

13:15 U.S. Capacity Utilization June 78.1% 78.1%

14:00 Canada Bank of Canada Rate 0.75% 0.75%

14:00 Canada Bank of Canada Monetary Policy Report

14:00 Canada BOC Rate Statement

14:00 U.S. Fed Chairman Janet Yellen Speaks

14:30 U.S. Crude Oil Inventories July 0.384 -2.1

16:25 U.S. FOMC Member Mester Speaks

18:00 U.S. Fed's Beige Book

19:00 U.S. FOMC Member Williams Speaks

22:30 New Zealand Business NZ PMI June 51.5

22:45 New Zealand CPI, q/q Quarter II -0.3% 0.6%

22:45 New Zealand CPI, y/y Quarter II 0.1% 0.4%