Key events ahead - Westpac

Analysts at Westpac noted the key data to the the week.

Key Quotes:

"US existing Apr home sales are seen at 1.3%m/m, remaining hear highs since 2007. In Canada, consensus for Apr CPI is a rise to 1.7%y/y from 1.3%. Retail sales should dip to -0.6%m/m.

G7 finance ministers and central banker governors will meet in Japan today and Saturday. As there is no formal statement, the doorstop comments will be key."

USD/JPY: bid and attempting territory on 110 again

USD/JPY is losing the conviction on the 110 handle having been unable to progress to the mid point and has stalled at 110.37 highs.
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Commodities: oil solid on supply disruption concerns - ANZ

Analysts at ANZ noted that commodities were weaker across the board as the stronger USD weighed on investor sentiment.
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