At 01:30 (GMT+2), the Tokyo metropolitan area CPI for October will be released: it is the main indicator of inflation in the country, reflecting the change in retail prices for a certain basket of goods and services, such as food, transportation, utilities, health care, and so on. It has a significant impact on monetary policy decisions and is considered a leading one against the national indicator. The value may decrease from 2.2% to 2.1% YoY, and the core index from 2.0% to 1.7%, decreasing the likelihood of another interest rate hike by the Bank of Japan and putting pressure on the yen.
