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FX.co ★ Japan Inflation Data Due On Friday

Japan Inflation Data Due On Friday

Japan is set to unveil its consumer price data for October this Friday, marking a relatively light day in terms of economic activity within the Asia-Pacific region. It is anticipated that overall inflation will decelerate to a 0.1 percent decline compared to the previous month, while registering a 2.2 percent increase year-over-year. This follows a 0.3 percent decrease month-over-month and a 2.4 percent rise year-over-year reported in September.

Additionally, Japan will provide preliminary November figures for its manufacturing and services Purchasing Managers' Indexes (PMIs) courtesy of Jibun Bank. For October, these indexes recorded 49.2 and 49.7, respectively.

In Australia, preliminary figures for the manufacturing and services PMIs for November will be available from Judo Bank. In October, the respective scores were 47.3 and 51.0.

Turning to Singapore, the third quarter gross domestic product (GDP) results will be released, with the economy having expanded by 4.1 percent annually in the preceding quarter.

Malaysia will disclose its consumer price index for October. As of September, inflation remained unchanged on a monthly basis but increased by 1.8 percent year-over-year.

Finally, Taiwan will report its unemployment figures for October, with September's unemployment rate standing at 3.38 percent.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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