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Economic calendar due from Asia today

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None of these are likely to move FX much upon release. 

2245 GMT New Zealand – Card
Spending for June

  • Retail card spending prior +1.7% m/m (and +18.7% y/y but of course the y/y data from all over the place is being hugely impacted by a low base in 2020 for many indicators)

  • Card spending data covers
    around 68% of core retail sales in NZ. Its used as the main retail
    sales indicator for the country.

2350 GMT from Japan: 

  PPI for June

  • expected 0.6%, prior 0.7% m/m

  • expected 4.7%, prior 4.9% y/y

  • Producer Price Index is
    inflation at a business-to-business level (in a nutshell). It is
    also known as the Corporate Goods Price Index, which is probably a
    better indication as to what it is.

  • In the release is also an
    indication of consumer prices. The ‘domestic final goods prices’
    index, which loosely correlates with CPI. 

  And, also, Japan Core Machinery Orders
for May

  • expected 2.6%, prior 0.6% m/m

  • expected 6.3%, prior 6.5% y/y

  • Used as a capex indicator for
    Japan in the months ahead

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