UK jobless claims data headlines an otherwise quiet economic calendar in European trading hours. A small increase is expected, but the outcome seems unlikely to generate lasting follow-through from the British Pound considering its limited impact on the direction of near-term BOE monetary policy.

The Japanese Yen underperformed in overnight trade, with prices mirroring a rebound in S&P 500 futures and hinting at recovering risk appetite as the catalyst at work. Tellingly, the sentiment-linked Australian, Canadian and New Zealand Dollars proved to be best-supported.

A lull in high-profile event risk offers relatively few barriers to disrupt established momentum, hinting that overnight moves may carry forward in the hours ahead. The degree of follow-through may ultimately prove limited however as traders look ahead to top-tier US data on the horizon.

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

21:30

NZD

REINZ House Sales (YoY) (AUG)

-3.1%

–

-10.1%

22:45

NZD

BoP Current Account Balance (2Q)

-0.945b

-0.295b

1.184b

22:45

NZD

Current Account GDP Ratio YTD (2Q)

-2.9%

-2.6%

-3.1%

00:30

AUD

Westpac Consumer Conf Index (SEP)

101.4

–

101

00:30

AUD

Westpac Consumer Conf SA (MoM) (SEP)

0.3%

–

2.0%

02:00

JPY

Tokyo Condominium Sales (YoY) (AUG)

-24.7

–

-30.7%

04:30

JPY

Industrial Production (MoM) (JUL F)

-0.4%

–

0.0%

04:30

JPY

Industrial Production (YoY) (JUL F)

-4.2%

–

-3.8%

04:30

JPY

Capacity Utilization (MoM) (JUL)

0.6%

–

1.5%