As usual, this event is a must-watch for traders of the yen to get an insight on the Bank of Japan's view of the current economy, its direction in the near future, and the possible changes in the Bank's fiscal policy.
Germany's CPI data has been on the rise for at least the past couple of months. Analysts expect the CPI MoM will rise from 0.1% to 0.5%, while the YoY figure will move up slightly from 1.8% to 1.9%.
The UK is still fresh from BoE Governor Carney's announcement of its forward guidance policy last week. This week, we shall gain an insight on the country's CPI data. Its YoY Core CPI has been on the rise since mid-June and is currently at 2.3%. Meanwhile, its YoY CPI is at 2.3%.
While the EU's economy continues to struggle, analysts are hopeful that the region's economic sentiment would pick up somehow, from the previous 32.8 to 37.4.
While traders see the greenback dropping its value further this month, at least analysts are hopeful that its MoM Retail Sales number would remain at 0.4% instead of sliding down.
Speaking of positive news, analysts see a more positive shift for Germany's GDP, which could help lift the ailing euro.
The BoE's Monetary Policy Committee shall meet later this week to vote on the country's interest rate. While the MPC is not expected to make any changes in the rates, there's a great possibility of volatility in the GBP during this period.
As with Germany's GDP, there's a bit more hopeful tone among analysts in predicting the EU's GDP. The QoQ number, for example, is expected to rise from -0.3% to 0.1%.
The US CPI numbers are expected to move positively, with its YoY CPI rising from 1.8% to 2.0%, while its CPI Ex Food & Energy is seen to move from 1.6% to 1.7%.
While consumer sentiment is not expected to shift dramatically, analysts see it rising slightly from 85.1 to 85.6 in August.