Key facts
- JPY Tokyo CPI Ex Food and Energy YoY (Sep) forecast 2.1%, previous 2%
- JPY Unemployment Rate (Aug) forecast 2.4%, previous 2.4%
- S&P 500 price (4h close) 7,644.62
- S&P 500 support 1 (4h swing low) 7,638.17
- S&P 500 RSI 14 (4h) 44
Three data points traders may be watching heading into Thursday.
Tokyo core CPI and Japan's unemployment rate both land Thursday at 23:30 UTC, offering an early read on inflation and labour trends. Meanwhile the S&P 500 is hovering near a 4h support level after easing off recent highs. Together these could shape sentiment across JPY pairs and US equity futures into the next session.
Tokyo core CPI lands Thursday with the rate forecast higher
Tokyo core inflation is forecast at 2.1%, up from 2%, due Thursday at 23:30 UTC.
It's an early read that could shape expectations for Japan's broader inflation trend.
Japan's unemployment rate is forecast to hold steady
The unemployment rate is expected at 2.4%, unchanged from the prior reading, also due Thursday at 23:30 UTC.
A steady figure could reinforce the picture of a tight labour market, though any surprise could shift that view.
S&P 500 is testing a support level on the 4h chart
The index is trading near 7,644.62, close to support at 7,638.17, with RSI at 44.
Whether that level holds or breaks could matter for near-term sentiment, though no outcome is certain.
Educational information only. Not investment advice. Trading involves risk of loss.