A light data session coming up during the Asian timezone today.
– 2350GMT out of Japan we get international securities flows
– 0130GMT – Australia – Q1 ‘Capex’ (Private Capital Expenditure), the headline is expected to be -3.5%, prior +0.8%. I’ll be back with more on this
As usual we’ll be getting the yuan ‘fix’ (not a fix, its where the People’s Bank of China set the mid-point reference rate for the USD/CNY) right around 0115GMT. Yesterday the PBOC set the mid-point at a 5 year low for the CNY – as the USD has been strengthening the bank has been quick to respond with cuts CNY devaluation. Today’s fix shouldn’t vary too much yesterdays.