USD/JPY is trading in the ¥158 range. Attention is focused on the US CPI and Chair Warsh's speech, with the decision on whether the US will raise rates in October expected to be key.
As of 9 October, USD/JPY was trading in the ¥158 range in the foreign exchange market, while the euro was reportedly continuing to struggle to recover. US equities remained firm, with the S&P 500 up 46 points and the Nasdaq Composite up 172 points from the previous day, although the gains were modest. The article identifies the US CPI and a speech by Chair Warsh as points to watch among upcoming market catalysts.
The week's main events include the release of the US September CPI on Wednesday the 14th and US September retail sales on Thursday the 15th. The results of these indicators are expected to affect movements in the dollar and the reaction in interest-rate markets, while attention is also being drawn to developments at the IMF Annual Meetings in Bangkok and the G20.