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Household spending index. Japan, 01:30 (GMT+2) 08 Nov

08Nov.202400:30

Household spending index. Japan, 01:30 (GMT+2)

At 01:30 (GMT+2), Japan will release its September household spending data, which measures the monthly change in spending adjusted for inflation. The indicator is an important indicator of economic growth. It may change from –1.9% to –1.8% YoY and 2.0% to –0.7% MoM, putting pressure on the yen.

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At 20:00 (GMT+2), the US Fed System (US Fed) will announce its decision on monetary policy. The regulator will reduce the indicator by 25 basis points to 4.75%. In the accompanying statement, the head of the department, Jerome Powell, may also announce specific steps by financial authorities to curb inflationary pressure and hint at the timing of the transition to “dovish” rhetoric.

Leading economic index. Japan, 07:00 (GMT+2)
08 Nov. 2024 06:00
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At 07:00 (GMT+2), Japan will release its September leading economic index, which includes assessments of twelve indicators such as machinery orders and stock prices. It may fall from 106.9 points to 108.9 points, putting pressure on the yen.

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