Welcome, Traders!
Today is Thursday the 25th of May / Friday the 26th of May depending on where you are.
Here are some things to look out for in the session.
Sentiment:
As debt-limit talks in Washington remained in focus, a gauge of the dollar's strength extended advances into a fourth day, the longest winning streak since October. Nevertheless, traders have fully priced in another quarter-point raise by the Fed in the next two policy sessions, with 2-year Treasury yields rising. The yen fell below 140 per dollar for the first time since late November, highlighting differing views for monetary policy in Japan and the United States.
Docket:
7:30 PM ET
Tokyo CPI Overall - Forecast: 3.4% | Prior: 3.6%
Tokyo Core CPI YoY - Forecast: 3.4% | Prior: 3.5%
9:30 PM ET
Australian Retail Sales MoM Final - Forecast: 0.3% | Prior: 0.4%
Good luck!
