I posted a quickie preview of Japanese CPI coming up today here a little earlier:
The eco agenda for the day, from the top ...
2145 GMT - New Zealand - retail sales for Q4
- expected +1.4% q/q
- prior +0.2%
The NZD, like most everything else, has mostly been in the thrall of the USD in recent sessions, so let's see if the data shifts the needle. A beat should be NZD positive (more confirmation of NZ economic health), and a miss not so much.
Preview via BNZ:
With respect to December quarter retail trade, we anticipate a lift of 1.7% in real terms. This would confirm that the retail boom remains intact. This is after Q3 largely marked time (+0.2%) following the big jump in Q2 that was flattered by New Zealand hosting some mega sporting events. If we're right, retail trade will be a backbone to Q4 GDP growth.
2330 GMT - Japan CPI (see link to preview above)
National CPI y/y: %
- expected 1.3%, prior was 1.0%
National CPI y/y excluding Fresh Food: %
- expected 0.8%, prior was 0.9%
National CPI excluding Food, Energy y/y: %
- expected 0.3%, prior was 0.3%
2350 - Japan - PPI Services ... not usually an immediate forex mover
- expected 0.8% y/y, prior 0.8% y/y
0110 GMT - Bank of Japan operation to buy Japanese Government Bonds
- 1-3, 3-5, 10-25, and 25+ years on the menu today
