On the monetary front, a number of policymakers from various central banks are scheduled to speak, while RBA is to release the minutes of the November meeting on Tuesday, from China PBoC is to release its interest rate decision on Wednesday and from Turkey CBT will be releasing its interest rate decision on Thursday. As for financial releases we start on Monday with Japan’s machinery orders for September and Chain store sales for October and continue with Canada’s House starts for October.
The weakening of the JPY may have played a part in this as it may have made imports more expensive for Japanese businesses. Hence we highlight the release of Japan’s trade data for October with special focus being on the imports figure. Yet on a macroeconomic level the highlight is expected to be the release of Japan’s CPI rates for October on Friday.