- Tokyo CPI defied expectations and did not show another month of deflation. All three measures, headline, core, and another measure that excludes fresh food and energy, rose to zero from deflation.
- The BOE sees the economy accelerating to 5.5% growth this quarter, well above the 4.3% pace anticipated in May, with stronger price pressures.
- The US reports May's personal income and spending. Income is expected to continue to fall as a function of the winding down of cash assistance.
For further details see:
Tokyo Escapes Deflation, Leaving The Greenback Trapped Between 2 Expiring Options Against The Yen