Eyes on the Japanese inflation data today, but it'd have to be stonkingly high to shift the Bank of Japan from its on hold position:

In addition to the Japanese data we have the People's Bank of China setting its Loan Prime Rates (LPR):

  • PBOC is widely expected to keep its benchmark lending rates unchanged

Last month the Bank lowered LPRs for the first time since October, 1-year to 3.0%, from 3.1% and the 5-year to 3.5% from 3.6%, while it cut its 7 day reverse repo benchmark rate by 10bp to 1.4% earlier that month. LPRs are no longer as important as they once were. The People's Bank of China (PBOC) shifted its primary monetary policy tool to the seven-day reverse repurchase agreement (reverse repo) rate. This transition began in mid-2024. This move aligns China's monetary policy framework more closely with global standards, such as those of the U.S. Federal Reserve and the European Central Bank, which typically rely on a single short-term policy rate to guide market expectations and liquidity.

Economic calendar in Asia 20 June 2025 2
  • This snapshot from the ForexLive economic data calendar, access it here.
  • The times in the left-most column are GMT.
  • The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
Source: Forex Live