Major overnight headlines:
• BoJ leaves policy unchanged and refrains from measures to tackle JGB yield volatility, Nikkei
• BoJ upgrades economic assessment for 2nd straight month, Nikkei
• BoJ’s Kuroda says will conduct bond market operations to lower volatility, Bloomberg
• EMU banks’ cross-border holdings of government and corporate debt fall to 20% from 40% in 2006, FT
• UK RICS house price balance at 5% in May versus 3% expected, at a 3-year high
• Australian home loans rise 0.8% mom in April versus a rise of 2.0% expected
• Turkish current account deficit at 8.2bln in April versus 8.1bln deficit expected
• Turkish central bank says starts extra monetary tightening today, says FX volatility “excessive”, Bloomberg
• Swedish CPI at -0.2% y/y in May versus a fall of 0.3% expected
• US study says shale oil and gas could fuel world for at least a decade of oil consumption, FT
• UK April industrial output falls 0.6% y/y in-line with expectations
• BoS’s Linde says Spanish banks probably won’t need more capital, Bloomberg
Read the full report: FX Daily
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