In the foreign exchange market on Monday the 9th, dollar-yen is expected to continue trading from the first half of the ¥157 range to the latter half of the ¥158 range, with China's slowing CPI growth and developments surrounding US inflation indicators in focus.
In a report on the foreign exchange market on Monday the 9th, China's October CPI was reported at 0.7% year on year, below the market forecast of 0.8%, while PPI came in at 5.7% year on year, above the market forecast of 5.3%. It also covered unconfirmed reports by an Israeli news organization that Iran had withdrawn its demands for control of the Strait of Hormuz and transit fees.
The New York Fed survey showed one-year-ahead inflation expectations at 3.91%, above the market forecast of 3.79%. Richmond Fed President Barkin said that inflation was the main risk in the Federal Reserve's dual mandate and indicated a cautious pace for additional rate hikes. He also said that risks to the demand outlook had not been resolved.
It was also reported that a resolution to impeach the US defense secretary had been submitted, and that the resolution could be adopted by the full chamber. Market data also covered movements in equities, bonds and commodities, including the Nikkei Average, on Monday the 9th, as well as short- and long-term interest rates in various countries and crude oil and gold prices. Dollar-yen foreign exchange order information, today's expected range and a list of key indicators were also provided.