The following are brief expectations forthe FOMC minutes from the Junemeeting as compiled from the related research reports of 15 major banks. Overall, they're looking for clues on: 1-the timing of the balance sheet reduction plan,2-the concern over the weaker "transitory" inflation data. On the USD front, the consensus seems to to downplay to the June minutes as a major market mover, while seeing risk-reward leaning slightly to favor USD modest recovery this week. SocGen Research:As for the ‘big event’ of the FOMC Minutes, we’ll see how they pitch the debate about normalisation against a backdrop of strong asset ... (full story)