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Japan's Inflation Data in Focus After BOJ's Policy Tweak

Investors will follow closely Japan’s inflation data going forward in order to gauge the BOJ’s next move.

MARKET NEWS

TC Economic Insight - The Week Ahead (August 14-18)


Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.


We are looking into the trading week of August 14-18:




We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:





We can select which economies to focus on:




Two weeks ago the Bank of Japan (BOJ) surprised global markets by tweaking its monetary policy, allowing the 10-year Japanese Government Bond (JGB) yield to rise to 1.0%, compared to 0.5% previously.


Investors will therefore follow closely Japan’s inflation data going forward in order to gauge the BOJ’s next move.


According to Multi-Stock Trading LLC's "Economic Insight", Japan’s Inflation Rate (to be release on Friday, August 18) is expected to rise to 3.4% on year in July.


In the past 12 Japan Inflation Rate Reports, USD/JPY rose in 58% of times (7 out of 12 reports) within one hour from the report’s release, marking a trading range of 27.02 pips on average.



Other key economic data include:


Monday (August 14)

Germany Industrial Production (June) expected to drop 0.2% on month.


Tuesday (August 15)

Japan GDP (2Q) expected to grow annualized 3.2% on quarter.

China Industrial Production (July) expected to grow 4.7% on year. 

China Retail Sales (July) to increase 3.6% on year.

UK Jobless Rate (June) expected unchanged at 4%.

Germany ZEW Economic Sentiment Index (August) to drop to -16

U.S. Retail Sales (July) expected to grow 0.3% on month.

U.S. New York State Manufacturing Index (August) to rise to 4.0.

Canada Inflation Rate (July) expected to stay at 2.8% on year.


Wednesday (August 16)

New Zealand Central Bank expected to keep its key rate steady at 5.50%.

Eurozone Industrial Production (June) expected to shrink 0.6% on month.

U.S. Housing Starts (July) expected to increase 1.7% on month.

U.S. Industrial Production (July) to grow 0.2% on month.

U.S. Fed to release latest Policy Meeting Minutes.


Thursday (August 17)

Japan Machinery Orders (June) expected to grow 0.3% on month.

Japan Exports (July) to be up 0.3% on year.

Australia Jobless Rate expected to be stable at 3.5%.

U.S. Philadelphia Fed Manufacturing Index (August) to improve to -8.0.

U.S. Initial Jobless Claims (August 12)  to decline to 241,000.

U.S. Conference Board Leading Index (July) expected to drop 0.4% on month.


Friday (August 18)

Japan Inflation Rate (July) expected to edge up to 3.4% on year.

U.K. Retail Sales (July) to rise 0.3% on month.

Canada Producer Prices (July) expected to fall 3.1% on month.

 


Happy Trading!



Source: Multi-Stock Trading LLC Economic Insight