A big session indeed coming up from Japan:

2330 GMT Japan
inflation data, the Tokyo CPI for September

Tokyo CPI y/y

  • expected 1.1%, prior
    was 1.2%

Tokyo CPI excluding
Fresh Food y/y

  • expected 0.9%, prior
    was 0.9%

Tokyo CPI excluding
Food, Energy y/y

  • expected 0.6%, prior
    was 0.6%

2350 GMT Japan

  • Jobless Rate for August, expected is 2.5%, prior was 2.5%
  • Job-To-Applicant
    Ratio for August, expected is 1.63, prior was 1.63

2350 GMT Japan –
Bank of Japan Summary of Opinions from the September meeting

  • Given not too much
    happened at the meeting this likely a fizzer.

2350 GMT Japan
Industrial production for August, preliminary

  • expected +1.4% m/m, prior -0.1%
  • expected +1.5% y/y,
    prior +0.1%

2350 GMT Japan
Retail Sales for August

  • expected 0.5% m/m, prior 0.1%
  • expected 2.0% y/y,
    prior 1.5%

More from Nomura, looking for an IP beat :

industrial production

  • In the survey of manufacturers’
    production forecasts carried out on 10 August, the production
    forecast for August adjusted for forecast error by the Ministry of
    Economy, Trade & Industry, was 1.2% m-o-m. Trade statistics for
    August show a 6.6% y-o-y rise in exports (nominal), which are highly
    correlated with industrial production, higher than the consensus
    forecast (Bloomberg survey median) of 5.2% growth, suggesting that
    growth in exports in late August was stronger than expected. 
  • We
    expect industrial production in August to exceed the figure in the
    survey of production forecasts. 

For the yen, keep an eye on trade war developments impacting – Japan / US talks specifically.  


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