U.S. Federal Reserve and Bank of Japan meetings, a G7 gathering, plus key U.S. inflation and UK jobs data are all coming up in the week ahead - and that’s not all.
Wall Street, boosted by cooling inflation, will be watching closely. Traders continue to price in some monetary easing this year, with even some slim hopes of a July cut. A consensus is building for some kind of taper of long-running quantitative easing when the BOJ concludes its two-day gathering on June 14.
Concerns by G7 policymakers over China’s growing export strength, dubbed “industrial overcapacity,” particularly regarding new energy vehicles, is also in focus.