RMteam
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Most important economic news for today:
Japan National Consumer Price Index (YoY) will be released at 23:30 server time. Market impact: High (JPY). Previous number: -0.1%. Forecast number: -0.2%.
The headline figure for CPI is the percentage change in the index on a month to month or year to year basis. As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.
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