GOOLSBEE said it remains well above the required level.

Tokyo CPI YoY June 1.7% vs 1.6% expected; prior 1.4%.

U.S. goods trade deficit widened to its largest in over a year in May as exports fell and imports rose, the U.S. Commerce Department said on Friday. The goods deficit widened 27.4% MoM to $105.8bn, versus a median market estimate of a $85.0bn deficit. The data are not adjusted for inflation. Goods exports fell 5.4% in May, dragged by industrial supplies including crude oil and petroleum products, while imports rose 3.6%.