During the Asian session, trade data from New Zealand and the National Consumer Price Index for Japan are expected. Market expectations are that China
will keep its Loan Rates unchanged. Later in the day, UK Retail Sales and German Producer Price Index figures will be published. While there are scheduled speeches from Fed officials, it appears there might not be much additional impact following Powell's speech on Thursday. Here is what you need to know on Friday, October 20: In the week ending October 14, US Initial Jobless Claims dropped to 198,000, the lowest level since January, indicating that the labor market remains tight.
Germany will release the September Producer Price Index , with the annual rate expected to deepen into negative territory from -12.6% to -14.2%. USD/JPY continues to trade near the 150.00 area, raising intervention expectations. Japan will release the National Consumer Price Index for September. Analysts at Commerzbank on JPY: In our central scenario, the yen appreciates moderately again on the back of our assumed Fed rate cuts.
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