Editor’s Note
Today’s forex market hinges on key U.S. economic data releases, including the Producer Price Index and Retail Sales figures. Traders are closely monitoring the resulting movements in the U.S. Dollar, Japanese Yen, and Euro, alongside related shifts in major stock indices and Treasury yields.
The focus of today’s foreign exchange market lies in the ‘announcement of US Producer Price Index and Retail Sales’, the ‘direction of the US Dollar, Japanese Yen, and Euro’, and the ‘trends in major stock markets and US Treasury yields’.
Today’s main US economic indicators are the Producer Price Index (delayed data for September) and Retail Sales (delayed data for September), along with the Consumer Confidence Index. Among non-indicator events, a 5-year Treasury auction is scheduled.
At the start of the week, selling pressure on the Japanese Yen dominated, pushing USD/JPY up to briefly surpass 157 yen, while EUR/USD traded in a mixed range in the low to mid 1.15s.
Today, the announcement of US Producer Price Index and Retail Sales, the direction of USD, JPY, and EUR, trends in major stock markets and US Treasury yields, and speculation regarding US monetary policy will be crucial.
Additionally, attention should be paid to remarks by former US President Trump, speculation on Japanese monetary policy, month-end factors (the 28th is the last business day of November), speculation on the policies of the Sanae Takaichi administration, speculation on Eurozone monetary policy, and statements by financial authorities and key figures (focus on remarks by Fed officials and BOJ board members).
▼ November 26 (Wed)
AU: Consumer Price Index
NZ: RBNZ Monetary Policy Statement & Governor Hawkesby’s Press Conference
US: Initial Jobless Claims
US: Durable Goods Orders (delayed data for September)
US: Personal Income/Personal Spending/PCE Deflator/PCE Core Deflator (※Possibility of delayed announcement※)
▼ November 27 (Thu)
• US financial markets closed for Thanksgiving.
• Approaching month-end (the 28th is the last day of the month).
JP: Remarks by BOJ Board Member Noguchi
EU: ECB Monetary Policy Meeting Accounts (from October 30th meeting)
※ No major US economic indicators.
▼ November 28 (Fri)
• US financial markets have shortened trading hours (day after Thanksgiving).
• Last day of November.
JP: Tokyo CPI (Core)
※ No major US economic indicators.
