The Producer Price Index data is released by the Bank of Japan
- a measure of prices for goods purchased by domestic corporates in Japan
- the PPI is said to be correlated with the CPI (Consumer Price Index) buts, at best, a moveable correlation
- a high reading will be more likely to increase market expectations of a BoJ rate hike and be supportive for JPY (and vice versa)
The NZ and Australian data are unlikely to be too impactful upon release. The Reserve Bank of Australia will be eyeing wage growth, which is presently running above the CPI rate.
- This snapshot from the investingLive economic data calendar.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was written by Eamonn Sheridan at investinglive.com.