The schedule is light a couple of days after the Christmas weekend, as markets remain closed in many countries, but some news releases are worth a closer look, particularly for Yen traders. The first item comes at 11:50 PM on Sunday, when the Bank of Japan will release the Minutes of its latest monetary policy meeting. The policy makers face an increasingly difficult task as, despite their ongoing efforts, the inflation remains stubbornly low. And, in fact, the closely watched November Japanese inflation data will be available on Monday evening, at half past 11. The annual inflation actually turned positive in October for the first time in 9 months; furthermore, the CPI data could receive some boost from weaker Yen and higher oil prices. Japanese Unemployment Rate for November is out at the same time. For one, this has not been a major issue for policy makers, as it has stood at just 3% for the past 2 months. Fast forward to Tuesday, and the high importance US Consumer Confidence for December is out at 3 PM GMT. The Index soared by 6.3 points in November, reaching a 7-year high. And two news releases regarding the Japanese economy in November are out at 11:50, including the Preliminary Industrial Production. Output stagnated in October, following two months of growth. Retail sales come at the same time. Sales have been declining for 8 months straight, and this trend is expected to continue. This was the Economic Calendar for Monday, the 26th and Tuesday, the 27th of December. Things do get a bit more active later in the week, so check back for the next overview. Goodbye.
The schedule is light a couple of days after the Christmas weekend, as markets remain closed in many countries, but some news releases are worth a closer look, particularly for Yen traders.
The first item comes at 11:50 PM on Sunday, when the Bank of Japan will release the Minutes of its latest monetary policy meeting. The policy makers face an increasingly difficult task as, despite their ongoing efforts, the inflation remains stubbornly low.
And, in fact, the closely watched November Japanese inflation data will be available on Monday evening, at half past 11. The annual inflation actually turned positive in October for the first time in 9 months; furthermore, the CPI data could receive some boost from weaker Yen and higher oil prices.
Japanese Unemployment Rate for November is out at the same time. For one, this has not been a major issue for policy makers, as it has stood at just 3% for the past 2 months.
Fast forward to Tuesday, and the high importance US Consumer Confidence for December is out at 3 PM GMT. The Index soared by 6.3 points in November, reaching a 7-year high.
And two news releases regarding the Japanese economy in November are out at 11:50, including the Preliminary Industrial Production. Output stagnated in October, following two months of growth.
Retail sales come at the same time. Sales have been declining for 8 months straight, and this trend is expected to continue.
This was the Economic Calendar for Monday, the 26th and Tuesday, the 27th of December. Things do get a bit more active later in the week, so check back for the next overview. Goodbye.
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