At 01:30 (GMT+2), Japan will release data on the Tokyo Consumer Price Index for September. It is the main indicator of the level of inflation in the country and determines changes in retail prices for a certain basket of goods and services (food, transport, utility costs, healthcare, etc.), and also has a significant impact on decisions on monetary policy. The year-on-year rate is expected to rise from 2.6% to 2.9%, while the core indicator is expected to rise from 2.5% to 2.8%. The realization of the forecast will increase the likelihood of a new increase in borrowing costs by the Bank of Japan and could strengthen the position of the yen.
