At 01:30 (GMT+2), data on the national consumer price index (CPI) for September will be published in Japan. It is the main indicator of inflation in the country and determines the change in the level of retail prices for a certain "basket" of goods and services: food, transportation, utilities, healthcare, etc. It has a significant impact on monetary policy decisions. The consumer price index is expected to decrease from 3.0% to 2.7% YoY, and the core indicator – from 2.8% to 2.3%. Thus, inflationary pressure may decrease, which will reduce the likelihood of an early interest rate hike by the Bank of Japan and put pressure on the yen.
