
Time(GMT+0/UTC+0) | State | Importance | Event |
| Previous |
02:30 | 2 points | BoJ Monetary Policy Statement | ———- | ———- | |
03:00 | 3 points | BoJ Interest Rate Decision | 0.50% | 0.50% | |
06:30 | 2 points | BoJ Press Conference | ———- | ———- | |
08:00 | 2 points | IEA Monthly Report | ———- | ———- | |
09:00 | 2 points | ZEW Economic Sentiment (Jun) | 23.5 | 11.6 | |
12:30 | 3 points | Core Retail Sales (MoM) (May) | 0.2% | 0.1% | |
12:30 | 2 points | Export Price Index (MoM) (May) | -0.1% | 0.1% | |
12:30 | 2 points | Import Price Index (MoM) (May) | -0.3% | 0.1% | |
12:30 | 2 points | Retail Control (MoM) (May) | ———- | -0.2% | |
12:30 | 3 points | Retail Sales (MoM) (May) | -0.6% | 0.1% | |
13:15 | 2 points | Industrial Production (MoM) (May) | 0.0% | 0.0% | |
13:15 | 2 points | Industrial Production (YoY) (May) | ———- | 1.49% | |
14:00 | 2 points | Business Inventories (MoM) (Apr) | 0.0% | 0.1% | |
14:00 | 2 points | Retail Inventories Ex Auto (Apr) | 0.3% | 0.3% | |
17:00 | 2 points | 5-Year TIPS Auction | ———- | 1.702% | |
17:00 | 2 points | Atlanta Fed GDPNow (Q2) | 3.8% | 3.8% | |
20:30 | 2 points | API Weekly Crude Oil Stock | ———- | -0.370M | |
21:00 | 2 points | Westpac Consumer Sentiment | ———- | 89.2 | |
22:45 | 2 points | Current Account (YoY) (Q1) | ———- | -26.40B | |
22:45 | 2 points | Current Account (QoQ) (Q1) | -2.19B | -7.04B | |
23:50 | 2 points | Adjusted Trade Balance | -0.38T | -0.41T | |
23:50 | 2 points | Exports (YoY) (May) | -3.8% | 2.0% | |
23:50 | 2 points | Trade Balance (May) | -893.0B | -115.8B |
Summary of Upcoming Economic Events on June 17, 2025
Japan
1. BoJ Monetary Policy Statement – 02:30 UTC
2. BoJ Interest Rate Decision – 03:00 UTC
- Forecast: 0.50% | Previous: 0.50%
- Market Impact:
- No change expected, but market focus will be on forward guidance regarding inflation and yield curve control.
- Any hawkish surprises (hints at further tightening) would strengthen JPY and pressure Japanese equities.
- Continued dovishness may weaken JPY.
3. BoJ Press Conference – 06:30 UTC
- Market Impact:
- Tone of the conference will provide further clarity on the BoJ’s tightening bias and policy exit strategy.
4. Adjusted Trade Balance, Exports & Trade Balance (May) – 23:50 UTC
- Adjusted Trade Balance Forecast: -0.38T | Previous: -0.41T
- Exports (YoY) Forecast: -3.8% | Previous: 2.0%
- Trade Balance Forecast: -893.0B | Previous: -115.8B
- Market Impact:
- Weak exports signal external demand softness, potentially weakening JPY.
- Worsening trade balance could fuel further economic headwinds.
Eurozone
5. ZEW Economic Sentiment (Jun) – 09:00 UTC
- Forecast: 23.5 | Previous: 11.6
- Market Impact:
- Improvement would signal rising investor confidence in the Eurozone recovery, supporting EUR.
- A weak reading may point to persistent growth risks.
United States
6. IEA Monthly Report – 08:00 UTC
- Market Impact:
- Important for global oil supply/demand forecasts.
- Could move oil prices, energy equities, and inflation expectations.
7. Core Retail Sales (MoM) (May) – 12:30 UTC
- Forecast: 0.2% | Previous: 0.1%
8. Retail Sales (MoM) (May) – 12:30 UTC
- Forecast: -0.6% | Previous: 0.1%
9. Retail Control (MoM) (May) – 12:30 UTC
- Previous: -0.2%
- Market Impact:
- Weak retail sales would confirm consumer spending slowdown, supporting Fed rate cut expectations.
- Resilience may reduce market expectations for cuts.
10. Export & Import Price Index (MoM) (May) – 12:30 UTC
- Export Forecast: -0.1% | Previous: 0.1%
- Import Forecast: -0.3% | Previous: 0.1%
- Market Impact:
- Disinflationary pressures may support dovish Fed narrative.
11. Industrial Production (MoM & YoY) (May) – 13:15 UTC
- MoM Forecast: 0.0% | Previous: 0.0%
- YoY Previous: 1.49%
- Market Impact:
- Stagnation in production reinforces economic moderation, adding to dovish expectations.
12. Business Inventories & Retail Inventories Ex Auto (Apr) – 14:00 UTC
- Business Inventories Forecast: 0.0% | Previous: 0.1%
- Retail Inventories Forecast: 0.3% | Previous: 0.3%
- Market Impact:
- Inventory adjustments may influence Q2 GDP tracking.
13. 5-Year TIPS Auction – 17:00 UTC
- Previous Yield: 1.702%
- Market Impact:
- Demand signals for inflation-protected securities reflect market views on inflation persistence.
14. Atlanta Fed GDPNow (Q2) – 17:00 UTC
- Forecast & Previous: 3.8%
- Market Impact:
- Stable strong growth estimate keeps Fed in a policy dilemma between inflation and slowing consumption.
15. API Weekly Crude Oil Stock – 20:30 UTC
- Previous: -0.370M
- Market Impact:
- Draws support oil prices and energy equities; builds may cap oil prices.
New Zealand
16. Westpac Consumer Sentiment – 21:00 UTC
- Previous: 89.2
- Market Impact:
- A weak reading reflects consumer caution, potentially pressuring NZD.
17. Current Account (QoQ & YoY) (Q1) – 22:45 UTC
- QoQ Forecast: -2.19B | Previous: -7.04B
- YoY Previous: -26.40B
- Market Impact:
- Improvements may support NZD, but persistent deficits remain a headwind for external stability.
Market Impact Analysis
- U.S. retail sales, industrial production, and inflation components will dominate global market direction.
- BoJ meeting and trade data will provide significant direction for JPY.
- Eurozone sentiment could impact EUR recovery narrative.
- New Zealand current account data may move NZD modestly.
- Energy markets may react to both the IEA report and API stock data.
Overall Impact Score: 9/10
Key Focus:
A high-volatility day with multiple Tier-1 events: BoJ policy decision, U.S. retail sales, Fed inflation signals, Eurozone sentiment, and New Zealand balance of payments data. All major asset classes — FX, equities, bonds, oil, and commodities — are likely to see sharp moves depending on surprises.