Geopolitical issues in the Middle East and developments surrounding the Strait of Hormuz continue to drive short-term market trends, even overshadowing the release of key economic data.
Nevertheless, during the week of April 27–May 3, 2026, investors will focus on the central bank meetings in Japan, Canada, the US, the UK, and the Eurozone.
Market participants will also be watching for the release of key macroeconomic data from the Eurozone, Australia, Germany, China, the US, and Japan.
Note: During the coming week, new events may be added to the calendar, and/or some scheduled events may be canceled. GMT time
The article covers the following subjects:
Major Takeaways
- Monday: None scheduled.
- Tuesday: The Bank of Japan meeting, the euro area bank lending survey, and the US Consumer Confidence Index data.
- Wednesday: Australia and Germany’s CPI figures, and the Bank of Canada and the Fed meetings.
- Thursday: China’s PMI, Germany’s GDP and retail sales data, Eurozone GDP and CPI, Bank of England and ECB meetings, US GDP and PCE data, and Japan’s CPI in the Tokyo region.
- Friday: Banks and stock exchanges will be closed in Europe, Japan, and China due to Labor Day. Thus, trading volumes will be lower than usual in these countries. The US ISM Manufacturing PMI.
- Key event of the week: US Federal Reserve meeting.
Monday, April 27
There are no important macroeconomic statistics scheduled to be released.
Tuesday, April 28
Expected after 03:00 (Exact Time Not Specified) – JPY: Bank of Japan Interest Rate Decision. Bank of Japan Press Conference and Commentary on Monetary Policy
The Bank of Japan will decide on the interest rate. Since February 2016, the Bank of Japan has kept the deposit rate at -0.1% and the 10-year bond yield target around 0%. However, at its March 19, 2024, meeting, the Bank of Japan’s board members decided to raise the interest rate by 10 basis points, from -0.1% to 0%, for the first time since 2007, ending the period of negative interest rates that began in 2016.
Currently, Japan’s benchmark interest rate stands at 0.75% and is expected to remain unchanged. If the rate is lowered, the yen may weaken, while the Japanese stock market could rise. In any case, heightened volatility in the yen and across Asian financial markets is anticipated during this period.
According to analysts, if the BoJ hints at further rate hikes, the yen will receive significant support.
During the press conference, BoJ governor Kazuo Ueda will comment on the monetary policy. Despite certain tightening measures, the BoJ continues to adhere to an extra-soft monetary policy. Markets usually respond prominently to speeches by the BoJ governor. The governor will likely mention the monetary policy again during his speech, leading to increased volatility not only in the yen but also in Asian and global financial markets.
06:30 – JPY: Bank of Japan Press Conference
During the press conference, Bank of Japan Governor Kazuo Ueda will comment on the bank’s monetary policy and interest rate decision. Markets usually react noticeably to speeches of the BoJ governor. If he touches on monetary policy during his speech, volatility will rise not only in the yen but also across Asian and global financial markets.
08:00 – EUR: Euro Area Bank Lending Survey (BLS)
A survey of the bank lending system conducted by EU experts in the financial sector is carried out four times a year. The primary goal of the survey is to gather comprehensive information about the conditions of bank lending in the Eurozone.
The ECB officials use this data when making decisions on the bank’s monetary policy. This report may cause increased volatility in the euro and European stock market quotes upon its release if it contains unexpected conclusions regarding lending conditions for businesses and households in the Eurozone.
14:00 – USD: US Consumer Confidence Index
A Conference Board’s survey of nearly 3,000 US households evaluates current and future economic conditions and overall economic sentiment. Consumer confidence in the country’s economic development and stability is a key indicator of consumer spending and, consequently, economic performance. High confidence levels suggest economic growth, while low levels indicate stagnation.
Previous indicator values: 91.8, 91.2, 84.5, 89.1, 88.7, 94.6, 94.2, 97.4, 97.2, 93.0, 98.0, 86.0, 92.9, 98.3, 104.1 in January 2025, 104.7 in December 2024, 111.7, 108.7, 98.7, 103.3, 100.3, 100.4, 102.0, 97.0, 104.7, 106.7, 114.8, 110.7, 102.0, 102.6, 103.0, 106.1, 117.0, 109.7, 102.3, 101.3, 104.2.
The increase in the indicator values will bolster the US dollar exchange rate, while the decrease will weaken it.
Wednesday, April 29
Japan will be celebrating Showa Day. Banks and stock exchanges in the country will be closed, so trading volumes during the Asian session will be lower than usual.
01:30 – AUD: Australian Consumer Price Index. Australia Trimmed Mean Inflation Rate
The Consumer Price Inflation Index, published by the Reserve Bank of Australia and the Australian Bureau of Statistics, gauges retail prices of goods and services in Australia. The CPI is the most significant indicator of inflation and changes in consumer preferences. A high indicator reading is positive for the Australian dollar, while a low reading is negative.
Previous YoY values: +3.7% in February, +3.8% in January 2026 and December 2025, +3.4% in November, +3.8% in October, +3.6% in September, +3.2% in August, +3.0% in July, +1.9% in June, +2.1% in May, +2.4% in April, March, and February, +2.5% in January 2025, +2.5% in December 2024, +2.3% in November, +2.1% in October and September, +2.7% in August 2024.
The Australian central bank’s CPI inflation target ranges between 2% and 3%. According to the minutes of the recent RBA Board meeting, inflation risks have shifted to the upside. Some market participants are already pricing in a roughly 50-basis-point rate increase to 4.10% in 2026, which supports the Australian dollar in the medium term.
The expected positive CPI reading will likely strengthen the Australian dollar. If the indicator readings are worse than the forecast or the previous value, the Australian dollar will face short-term negative effects.
The trimmed mean measure of core inflation in Australia is published by the Reserve Bank of Australia and the Australian Bureau of Statistics. It reflects the retail price of goods and services included in the consumer basket. The trimmed mean takes into account the weighted average of the middle 70% of index components.
Previous YoY values: +3.3% in February and January 2026, +3.3% in December 2025, +3.2%, +3.3%, +3.2%, +3.0%, +3.0%, +2.8%, +3.0%, +3.1% in April 2025.
The data suggest that inflationary pressures remain robust. If the indicator reading turns out to be worse than expected, the Australian dollar will likely weaken. Conversely, if the indicator value exceeds the forecast, it may positively impact the currency in the short term.
12:00 – EUR: German Harmonized Index of Consumer Prices (Preliminary Estimate)
The Harmonized Index of Consumer Prices (HICP) is published by the European Statistics Office and is calculated using a methodology agreed upon by all EU countries. The HICP is an indicator for measuring inflation and is used by the European Central Bank to assess price stability. A positive index result strengthens the euro, while a negative one weakens it.
Previous values YoY: +2.8%, +2.0%, +2.1% in January 2026, +2.0%, +2.6%, +2.3%, +2.4%, +2.1%, +1.8%, +2.0%, +2.1%, +2.2%, +2.3%, +2.6%, +2.8% in January 2025, +2.6%, +2.8% in December 2024, +2.4%, +2.4%, +1.8%, +2.0%, +2.6%, +2.5%, +2.8%, +2.4%, +2.3%, +2.7%, +3.1% in January 2024, +3.8% in December, +2.3% in November, +3.0% in October, +4.3% in September, +6.4% in August, +6.5% in July, +6.8% in June, +6.3% in May, +7.6% in April, +7.8% in March, +9.3% in February, +9.2% in January, +9.6% in December, +11.3% in November, +11.6% in October, +10.9% in September, +8.8% in August, +8.5% in July, +8.2% in June, +8.7% in May, +7.8% in April, +7.6% in March, +5.5% in February, +5.1% in January 2022.
The data indicate that inflation remains high and even accelerates periodically, which, in turn, is forcing the ECB to tighten its monetary policy, especially given the risks of recession in the Eurozone.
If the index value turns out to be lower than the previous one, the euro may weaken. Conversely, if inflation resumes rising, the euro may strengthen. An increase in the index is a positive factor for the euro.
If the April reading proves higher than the previous one, the euro may appreciate in the short term.
Expected After 12:00 – NZD: Governor of the Reserve Bank of New Zealand Anna Breman Speech
The Reserve Bank of New Zealand Governor’s speeches often provide insights into the future direction of the central bank’s monetary policy. If RBNZ Governor Anna Breman, appointed in December 2025, signals the bank’s intention to conduct a soft monetary policy, the pressure on the New Zealand dollar will likely increase. Conversely, the tough rhetoric of her statements will support the New Zealand currency.
13:45 – CAD: Bank of Canada Interest Rate Decision and Accompanying Statement
At its June 5, 2024, meeting, the Bank of Canada cut its interest rate by 0.25% to 4.75% for the first time since July 2023. Over the course of 2024, it reduced the rate by a total of 1.75% (175 basis points), and by October 2025 had brought it down further to 2.25%.
It is unclear what decision the Bank of Canada’s policymakers will make this time, given the ongoing events in the Middle East and the sharp rise in oil prices. The bank may decide to take a pause at this meeting.
If the Bank of Canada’s accompanying statement regarding growing inflation and the prospects for further monetary policy signals further tightening, the Canadian dollar will strengthen. Conversely, if the regulator signals the need for a monetary policy easing, the Canadian currency will decline.
14:30 – CAD: Bank of Canada Press Conference
During a press conference, Bank of Canada Governor Tiff Macklem will outline the bank’s stance and assess the country’s current economic situation. If the tone of his remarks appears hawkish, the Canadian dollar will strengthen on the currency market. If Tiff Macklem advocates maintaining a soft monetary policy, the Canadian currency will weaken. In any case, the Canadian dollar is expected to experience high volatility during his remarks.
18:00 – USD: US Fed Interest Rate Decision. Fed Commentary on Monetary Policy. FOMC Economic Projections
During the first half of 2024, the US Fed policymakers left monetary policy parameters unchanged at multiple meetings, maintaining the key interest rate at 5.50%. However, at the September, November, and December meetings, the US Fed’s leaders reduced the interest rate to 4.50%.
On September 17, 2025, the Fed cut its benchmark rate by 25 basis points to 4.00–4.25%, marking its first reduction since December 2024. Notably, a month before these decisions, US Fed Chairman Jerome Powell stated that the US central bank’s focus was shifting toward ensuring stability in the labor market. However, Powell emphasized that any decisions regarding interest rates would still hinge on the prevailing economic conditions.
Market participants now expect the US central bank to continue its cycle of monetary policy easing. However, a pause or even an interest rate hike remains possible if inflation starts to rise again, as Fed Chair Jerome Powell has repeatedly warned.
For now, it is widely anticipated that the interest rate will remain unchanged at 3.75% at the upcoming meeting.
The financial market may experience higher volatility when the rate decision is announced, particularly in the US stock market and the US dollar, especially if the rate decision does not match the forecast or the Fed makes unexpected statements.
Powell’s commentaries may affect short-term and long-term trading in the US dollar. The Fed’s more aggressive approach to monetary policy is a positive factor that would strengthen the US dollar, while a more cautious position is negative for the greenback. Investors are eagerly awaiting Powell’s remarks on the Fed’s upcoming plans.
18:30 – USD: US Federal Reserve Open Market Committee Press Conference
The US Federal Reserve Open Market Committee (FOMC) press conference lasts approximately one hour. The resolution is read in the first part of the meeting, followed by a Q&A session, which may increase market volatility. Any unexpected statements by Jerome Powell on the Fed’s monetary policy will cause a hike in volatility in the US dollar and the US stock market.
Thursday, April 30
01:30 – CNY: China’s Manufacturing and Non-Manufacturing PMI by the China Federation of Logistics and Purchasing (CFLP)
This indicator is an essential gauge of the overall Chinese economy. An indicator reading above 50 is positive for the yuan, while a value below 50 is negative for the currency.
Previous values: 50.4, 49.0, 49.3 in January 2026, 50.1 in December 2025, 49.2, 49.0, 49.8, 49.4, 49.7, 49.5, 50.5, 50.2, 49.1 in January 2025, 50.1 (December 2024), 50.3, 50.1, 49.8, 49.1, 49.4, 49.5, 50.4, 50.8, 49.2, 49.0, 49.5, 50.2, 49.3, 49.0, 48.8, 49.2, 51.9, 52.6, 50.1 in January. The relative rise in the index above 50 strengthens the yuan. Data above 50 indicates increased economic activity, positively affecting the national currency. Conversely, if the index value is below 50, the yuan will face pressure and probably decline.
Likewise, the non-manufacturing PMI assesses business conditions in China’s services and construction sectors. An indicator result above 50 is seen as positive for the yuan. Previous values: 50.1, 49.5, 49.4 in January 2026, 50.2 in December 2025, 49.5, 50.1, 50.0, 50.3, 50.5, 50.3, 50.8, 50.4, 50.2 in January 2025, 52.2 in December 2024, 50.0, 50.2, 50.0, 50.3, 50.2, 50.5, 51.2, 53.0, 50.7, 50.4, 50.6, 51.7, 51.5, 53.2, 54.5, 56.4, 58.2, 56.3, 54.4 in January. Despite the relative decline, the indicator is still above the 50 value, likely influencing the yuan positively. Conversely, the indicator below 50 suggests that the yuan will face pressure and probably decline.
06:00 – EUR: German GDP for Q1 (Preliminary Estimate). German Retail Sales
The GDP data is one of the key data (along with labor market and inflation data) for a country’s central bank in terms of its monetary policy. A strong result boosts the euro, while a weak GDP report negatively affects the currency. In Q4 2025, GDP posted +0.3% (+0.6% YoY) after 0% (+0.3% YoY) in Q3, -0.3% (-0.2% YoY) in Q2 2025, +0.4% (-0.2% YoY) in Q1 2025, after -0,2% (-0,4% YoY) in Q4 2024, +0.1% (+0.1% YoY) in Q3, -0.1% (+0.3% YoY) in Q2, +0.2% (-0.9% YoY) in Q1, -0.3% (-0.4% YoY) in Q4 2023, -0.1% (-0.8% YoY) in Q3 2023.
If the GDP decreases in Q1 2026, the euro will face pressure. Conversely, positive GDP data will support the currency.
Retail sales are the main indicator of consumer spending in Germany. A high indicator reading boosts the euro, while a low one weakens the currency.
Previous values: -0.6% (+0.7% YoY), -0.9% (+1.2% YoY), +0.1% (+1.5% YoY), -0.6% (+1.1% YoY) in December 2025, +0.2% (+0.2% YoY), -0.2% (+1.8% YoY), -1.5% (+1.9% YoY), +1.0% (+4.9% YoY), -1.6% (+1.6% YoY), -1.1% (+2.3% YoY), -0.2% (+2.2% YoY), +0.8% (+4.9% YoY), +0.2% (+2.9% YoY), -1.6% (+1.8 YoY) in January 2025, -0.6% (+2.5% YoY), -1,5% (+1,0% YoY), +1.2% (+3.8% YoY), +1.6 (+2.1% YoY), -1.2% (-0.6% YoY), +2.6% (-1.9% YoY), -1.5% (+2.2% YoY), -0.3% (-1.2% YoY) in January 2024.
The data suggests that the German economy’s recovery has been uneven, with some months experiencing a slowdown. Indicator readings higher than forecasted and/or previous values are likely positive for the euro in the short term.
09:00 – EUR: Harmonized Index of Consumer Prices. Core HICP (Flash). Eurozone GDP for Q1 (Preliminary Estimate)
The Harmonised Index of Consumer Prices (HICP) is published by Eurostat and measures the change in prices of a selected basket of goods and services over a specific period. The index is a key indicator for assessing inflation and changes in consumer preferences. A positive reading strengthens the euro, while a negative reading weakens it.
Previous values (YoY): +2.6%, +1.9%, +1.7% in January 2026, +1.9% in December 2025, +2.1%, +2.2%, +2.0%, +2.0%, +2.0%, +1.9%, +2.2%, +2.2%, +2.3%, +2.5% in January 2025, +2.4% in December 2024, +2.3%, +2.0%, +1.7%, +2.2%, +2.6%, +2.5%, +2.6%, +2.4%, +2.4%, +2.6%, +2.8% in January 2024, +2.9%, +2.4%, +2.9%, +4.3%, +5.2%, +5.3%, +5.5%, +6.1%, +6.1%, +7.0%, +6.9%, +8.5%, +8.6% in January 2023, +9.2%, +10.1%, +10.6%, +9.9%, +9.1%, +8.9%, +8.6%, +8.1%, +7.4%, +7.4%, +5.9%, +5.1% in January 2022.
If the data is worse than the forecasted value, the euro may face a short-term but sharp decline. Conversely, if the data surpasses the forecast and/or the previous value, it could strengthen the euro in the short term. The ECB’s consumer inflation target is just below 2.0%, and the reading suggests that inflation continues to decline in the Eurozone.
According to the accompanying statement following the ECB’s October 2024 meeting, when its leaders decided to cut the benchmark interest rate by 25 basis points, the regulator stated that the disinflation process is underway.
And now, the ECB administration is signaling its intention to continue easing its monetary policy, which is a negative factor for the euro.
The Core Harmonized Index of Consumer Prices (Core HICP) measures the price change of a selected basket of goods and services over a specified period and serves as a key indicator for assessing inflation and consumer preferences. Food and energy are excluded from this indicator in order to provide a more accurate assessment. A high result strengthens the euro, while a low one weakens it.
Previous values YOY: +2.3%, +2.4%, +2.3% in January 2026, +2.3% in December 2025, +2.4%, +2.4%, +2.3%, +2.3%, +2.3%, +2.3%, +2.7%, +2.4%, +2.6%, +2.7% in January 2025, 2.7% in December 2024, +2.7%, +2.7%, +2.7%, +2.8%, +2.9%, +2.9%, +2.9%, +2.7%, +2.9%, +3.1%, +3.3% in January 2024, +3.4%, +3.6% +4.2%, +4.5%, +5.3%, +5.5%, +5.5%, +5.3%, +5.3%, +5.6%, +5.7%, +5.6%, +5.3%, +5.2%, +5.0%, +5.0%, +4.8%, +4.3%, +4.0%, +3.7%, +3.8%, +3.5%, +3.0%, +2.7%, +2.3% in January 2022.
If the April 2026 figures are weaker than the previous or forecasted value, the euro may be negatively affected. If the data turns out to be better than the forecasted or previous value, the currency will likely grow.
According to recently reported data, the eurozone’s core inflation rate is still high, above the ECB’s target of 2.0%. As a result, the ECB is inclined to maintain high interest rates, which is favorable for the euro in normal economic conditions.
GDP is considered to be an indicator of the overall economic health. A rising trend of the GDP indicator is positive for the euro, while a low reading weakens the currency.
Recent Eurozone macroeconomic data have shown a gradual recovery in the growth rate of the European economy after a sharp decline in early 2020.
Previous values: +0.2% (+1.2% YoY), +0.3% (+1.4% YoY) in Q3, +0.1% (+1.5% YoY) in Q2 2025, +0.6% (+1.5% YoY) in Q1 2025, +0.2% (+1.2% YoY) in Q4 2024, +0.4% (+0.9% YoY) in Q3, +0.2% (+0.6% YoY) in Q2, +0.3% (+0.6% YoY) in Q1 2024.
If the data is below the forecast and/or previous values, the euro may decline. Conversely, readings exceeding the predicted values may strengthen the euro in the short term. However, the European economy is still far from fully recovering to pre-crisis levels.
11:00 – GBP: Bank of England Interest Rate Decision. Bank of England Meeting Minutes
As a result of the August 2023 meeting, the interest rate was increased to 5.25%. The Bank of England’s Monetary Policy Committee has decided to raise borrowing costs amid a robust labor market to curb price growth. However, further tightening of monetary policy may be required to bring inflation to the 2.0% target.
Since the September 2023 meeting, the Bank of England has maintained a wait-and-see stance. Finally, on August 1, 2024, the central bank cut the interest rate by 0.25% to 5.00%, marking the first cut since August 2023. The current interest rate is 3.75%.
At the upcoming meeting, the Bank of England may either cut interest rates again, due to the challenging situation in the country’s labor market, or pause, or raise rates again, amid persistently high inflation.
More and more analysts believe that the BoE will slash interest rates. The market’s reaction to such a move will be completely unpredictable.
At the same time, the BoE will publish the Monetary Policy Committee (MPC) minutes, including a breakdown of the votes for and against interest rate changes. The main UK risks after Brexit are related to expectations of a slowdown in the country’s economic growth, as well as a large deficit in the UK balance of payments account.
Uncertainty about the Bank of England’s next step persists. Meanwhile, the British Pound and FTSE100 futures offer a lot of trading opportunities during the publication of the Bank’s rate decision.
11:30 – GBP: Bank of England Governor’s Speech
Andrew Bailey will comment on the Bank of England’s interest rate decision. Typically, during the speech of the Bank of England governor, the British pound and the FTSE index of the London Stock Exchange face a significant spike in volatility, especially if there are any indications regarding monetary policy tightening or easing. Besides, Andrew Bailey will likely discuss the UK economy’s health and prospects against the backdrop of high energy prices and inflation.
The British pound and the FTSE London Stock Exchange often show significant volatility during the Bank of England Governor’s speech, especially if he hints at changes in monetary policy.
12:15 – EUR: European Central Bank’s Interest Rate Decision. ECB Monetary Policy Statement
The European Central Bank will publish its decision on the main refinancing operations and the deposit facility rates, which currently stand at 2.15% and 2.00%, respectively.
The ECB’s tight stance on inflation and the level of key interest rates favor the euro, while a softer stance and lower rates weaken it. Given the high inflation in the Eurozone, according to the ECB leadership, the risk balance for the eurozone’s economic outlook remains negative.
At the same time, the ECB made it clear that if deflation resumes, rates will be lowered again. The ECB believes that GDP growth could slow significantly or even turn negative, partly due to the energy crisis in the EU, a high degree of uncertainty, weaker global economic activity, tighter financing conditions, and the tariff dispute with the US.
Given high oil prices caused by the conflict in the Middle East, the ECB may take a more hawkish stance, despite the high risk of a recession in the Eurozone. However, a pause cannot be ruled out.
A dovish tone in the statements will negatively impact the euro. Conversely, a hawkish tone regarding the central bank’s monetary policy will bolster the euro.
12:30 – USD: US GDP Annual Growth Rate for Q1 (Preliminary Estimate). Personal Consumption Expenditures (Core PCE Price Index)
The GDP data is one of the key indicators, along with labor market and inflation data, for the US Fed in terms of its monetary policy. A positive indicator reading strengthens the US dollar, while a weak GDP report is harmful for the currency. In Q4 2025, GDP posted +0.5% after +4.4% in Q3, +3.8% in Q2, -0.6% in Q1, +1.9% in Q4 2024, +3.3% in Q3, +3.6% in Q2, +0.8% in Q1 2024, +3.4% in Q4 2023.
If the data indicate a decline in GDP in Q1 2026, the US dollar will face significant pressure. Conversely, positive GDP figures will bolster the greenback and US stock indices.
The Personal Consumption Expenditures (PCE) data reflect the average amount of money consumers spend per month on durable goods, consumer goods, and services. The core PCE price index excludes food and energy prices. The annual core PCE is the main inflation gauge used by the US Fed as the primary inflation indicator.
The inflation rate, along with the labor market and GDP data, is crucial for the Fed in determining its monetary policy. Growing prices exert pressure on the central bank to tighten its policy and raise interest rates.
The PCE data above the forecasted and/or previous values may boost the US dollar, while a decline in the reading will likely exert a negative impact on the greenback.
Previous values YoY: +3.0%, +3.1 in January 2026, +3.0% in December 2025, +2.8%, +2.7%, +2.8%, +2.9%, +2.9%, +2.8%, +2.7%, +2.6%, +2.7%, +2.9%, +2.7% in January 2025, +2.8% in December 2024, +2.8%, +2.8%, +2.7%, +2.7%, +2.7%, +2.6%, +2.7%, +2.9%, +3.0%, +2.9%, +3.1% in January 2024, +2.9%, +3.2%, +3.5%, +3.7%, +3.8%, +4.3%, +4.3% +4.7%, +4.8%, +4.8%, +4.7%, +4.7%, +4.6%, +4.8%, +5.1%, +5.2%, +4.9%, +4.7%, +4.8%, +4.7%, +4.9%, +5.2%, +5.3%, +5.2% in January 2022.
12:45 – EUR: European Central Bank’s Press Conference
This press conference will draw significant attention from market participants. Volatility may increase not only in euro quotes but also across the entire financial market if the ECB leaders make unexpected statements. ECB executives will evaluate the current economic situation in the Eurozone and provide insights on the bank’s rate decision. Historically, after some ECB meetings and subsequent press conferences, the euro exchange rate experienced fluctuations of 3%–5% in a short time frame.
A dovish tone in the speech will negatively impact the euro. Conversely, a hawkish tone regarding the central bank’s monetary policy will bolster the euro.
23:30 – JPY: Tokyo Consumer Price Index (CPI). Tokyo Core CPI excluding Food and Energy
Tokyo’s consumer price index, published by the Statistics Bureau of Japan, gauges the price change of a selected basket of goods and services over a given period. This index is a key indicator for assessing inflation and consumer preferences.
Previous values YoY:
- Tokyo CPI : +1.4%, +1.6%, +1.5%, +2.0%, +2.7%, +2.8%, +2.5%, +2.6%, +2.9%, +3.1%, +3.4%, +3.5%, +2.9%, +2.9%, +3.4%,+3.1%, +2.6%, +1.8%, +2.1%, +2.6%, 2.2%, +2.3%, +2.2%, +1.8%, +2.6%, +2.5%, +1.8%, +2.4%, +2.6%, +3.3%, +2.8%, +2.9%, +3.2%, +3.2%, +3.2%, +3.5%, +3.3%, + 3.4%, +4.4% in January 2023;
- Tokyo CPI excluding food and energy: +1.7%, +1.8%, +2.0%, +2.3%, +2.8%, +2.8%, +2.5%, +3.0%, +3.1%, +3.1%, +2.1%, +2.0%, +1.1%, +2.2%, +2.5%, +2.4%, +2.2%, +1.8%, +1.6%, +1.6%, +1.5%, +1.8%, +2.2%, +1.8%, +2.9%, +3.1%, +3.3%, +3.5%, +3.6%, +3.8%, +4.0%, +4.0%, +4.0%, +3.8%, +3.9%, +3.8%, +3.4%, +3.1%, +3.0% in January 2023.
The indicator reading lower than forecasted and/or previous values may weaken the yen, while a rise in the indicator may strengthen the currency.
Friday, May 1
Europe, Japan, and China will be celebrating Labor Day. Banks and stock exchanges in these countries will be closed, so trading volumes will be lower than usual.
14:00 – USD: US ISM Manufacturing Purchasing Managers’ Index
The US PMI, published by the Institute for Supply Management (ISM), is an important measure of the US economy. When the index surpasses 50, it bolsters the US dollar, whereas readings below 50 have a detrimental effect on the greenback.
Previous values: 52.7, 52.4, 52.6 in January 2026, 47.9 in December 2025, 48.2, 48.7, 49.1, 48.7, 48.0, 49.0, 48,5, 48.7, 49.0, 50.3, 50.9 in January 2025, 49.3 in December 2024, 48.4, 46.5, 47.2, 47.2, 46.8, 48.5, 48.7, 49.2, 50.3, 47.8, 49.1 in January 2024, 47.4 in December, 46.7 in November, 46.7 in October, 49.0 in September, 47.6 in August, 46.4 in July, 46.0 in June, 46.9 in May, 47.1 in April, 46.3 in March, 47.7 in February, 47.4 in January 2023.
The index has been below the 50 level for several months now, indicating a slowdown in this sector of the US economy. The growth of index values supports the US dollar. Conversely, if the index reading falls below the forecasted values or below 50, the greenback may sharply depreciate in the short term.
Price chart of USDX in real time mode
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