While focusing largely on USD/JPY, let’s not forget the other factors driving markets right now. Weaker US PMI data earlier this week continues the debate over Fed rate cuts for the year. And we’ll have more data to add to the mix over the next few sessions. Here are the rest of the upcoming US data releases today and tomorrow:
- Advanced figures for US GDP in the first quarter (04/25)
- First weekly unemployment claims in the United States (04/25)
- Pending U.S. Home Sales in March (04/25)
- US PCE Price Index March (04/26)
- Final consumer sentiment and inflation expectations from the University of Michigan in April (04/26)
The two main ones are highlighted in bold.
The GDP report presented later today will also feature the GDP deflator and the PCE price. These factors are therefore also linked to inflation and could have some impact on broader markets.
For tomorrow, the PCE price index is the Fed’s preferred measure of inflation. As such, it is worth paying attention to and could provide traders with something to work with ahead of the weekend.
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