Japan BoJ meeting announcement 0.00-0.10%
The euro fell to an almost four- month low versus the yen after the International Monetary Fund head said “nothing should be taken for granted” on Greece, stoking concern its debt crisis will spread to larger economies.
The 17-nation currency fell to a record low versus the Swiss franc before the Italian Treasury sells one-year bills today and as much as 5 billion euros ($7 billion) of bonds on July 14 amid surging yields on the nation’s debt.
The yen and dollar rose against most of their major counterparts as Asian stocks extended a worldwide slump, spurring demand for refuge assets. Australia’s dollar weakened after an industry report showed business confidence declined to a six-month low.
The U.S.’s trade deficit widened in May to $44.1 billion from a revised $43.7 billion gap in the prior month, according to the survey median before the Commerce Department figures today. Payrolls expanded at the slowest pace in nine months in June, Labor Department data showed last week.
EUR/USD: the pair decreased and reached low in $1.3930 area.
GBP/USD: the pair decreased and reached low in $1.3930 area.
USD/JPY: the pair decreased and reached low in Y80.00 area.US data starts at 1145GMT with the weekly ICSC-Goldman Store Sales data, while at 1230GMT, US Treasury Secretary Tim Geithner opens a conference on Women in Finance in Washington. Also at 1230GMT, the international trade gap is expected to decrease to $42.7 billion in May. Import prices posted only a modest increase in the month, with imported petroleum prices actually down. The supply shortage of auto imports from Japan will likely appear in the data as well. Meanwhile, Boeing reported
28 deliveries to foreign buyers in May, up from 24 in April.