The main data highlight comes at 0030 GMT (8:30 am in Tokyo) with the release of April Tokyo CPI for April. Excluding fresh food, it's expected to rise to 3.2% y/y, which should provide some cover for a further BOJ hike but at the moment the market is pricing in just 15 bps in hikes through year end.
What I'll be primarily watching for is whether Asia sells the US dollar and buys gold today. In US trading we saw a drop in yields but the dollar was sold anyway.
For more, see the economic calendar.
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