The upcoming week for APAC markets is dominated by high-impact inflation updates, now focusing mostly on Japan and New Zealand data.
AUD traders will still have to log in. Monday starts with the release of the RBA Meeting Minutes, offering a detailed look at the Board’s recent interest rate discussions and after another week of positive economic surprise (large beats in Employment, delaying cuts further).
The primary domestic indicator will be the Wage Price Index (WPI), due on Tuesday evening (20:30 ET), which is the most critical measure of underlying domestic inflation pressure.
For those following China, the PBoC Interest Rate Decision on Wednesday evening (21:15 ET) will attract quite some attention.
While no change is expected, communication regarding growth and concerns will be closely watched by all participants; China released some pretty bad data the past week, particularly regarding international trade.
Japanese data sets the stage early and provides the week’s biggest inflation event. Sunday night brings the preliminary Q3 GDP figures to check the economy’s pulse.
However , the key macro event for JPY traders is Thursday evening’s (19:30 ET) National CPI release, but this one is not as closely compared to the Tokyo CPI (releasing next week).
NZD traders will also be quite busy, with the New Zealand Producer Price Index (Q3) releasing Tuesday evening, and followed by their Trade Balance data on Thursday.