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CADJPY Blasts Out of the Atmosphere, Canadian CPI on Tap
One theme we’ve been consistently highlighting over the last few weeks is policymakers’ (and thus traders’) increasing focus on inflation reports. With price pressures in many developed markets rapidly falling toward outright deflation, many central banks are pondering additional monetary stimulus to help support their moribund economies. Tomorrow, Statistics Canada will release its measure of CPI inflation (Oct), with traders and economists expecting a -0.3% m/m contraction on the headline figure, but a 0.2% m/m rise in the Core reading (2.0% and 2.1% y/y, respectively). Following in the wake of today’s ... (full story)