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Figure Heloc 
Check this out, handy cheat sheet of what moving 10 FX pairs – fundamentals and bank viewsRecap – Tokyo inflation quickens to 2.8%, fuelling bets on BoJ rate hikeRBNZ’s Gai: U.S. tariffs delivering negative demand shock to New ZealandChina adds 200 billion yuan in new local bond quota to spur investmentFX option expiries at the 10am New York cut for Friday, October 31, 2025China official manufacturing PMI (October) 49.0 (expectd 49.6) services 50.1 (expected 50)UK gilts offer best value in Europe, Nomura strategist saysPBOC sets USD/ CNY reference rate for today at 7.0880 (vs. estimate at 7.1171)Verbal intervention: Katayama warns on rapid yen moves, vows vigilance on FX stabilityBlackRock unit hit by US$500 million alleged fraud as private-credit risks mountAustralia Private Sector Credit September 2025: 0.6% m/m (vs. expected 0.6%)Australian Q3 PPI +1.0% q/q (prior +0.2%) and +3.5% y/y (prior +3.4%)TD Securities: December BoJ rate hike still possible despite cautious UedaPreview – RBA to hold rates as sticky inflation delays next cut to 2026 – Reuters pollJapan Industrial Production (MoM) (September), preliminary 2.2% m/m (vs. expected 1.5%)Japan Retail Sales +0.5% y/y (vs. expected 0.7%)Japan jobless rate steady at 2.6%, labour market remains tightTokyo October Headline CPI 2.8% y/y (expected 2.4%).Trump–Korea trade deal seen lifting Kospi, pressuring won amid U.S. investment outflowsSouth Korea September Industrial Output -1.2% m/m and +11.6% y/yPIMCO: Powell reins in market cut bets as Fed ends QT, stays data-dependentAustralia news: ANZ flag AUD1.1bn hit to second-half profit from restructuring, settlementDeutsche Bank: Eurozone resilience keeps ECB doves in checkGoldman Sachs says ECB rate cut risk underpriced as data stay mixedinvestingLive Americas FX news wrap 30 Oct: ECB keeps rates unchanged. Stocks tumble.ANZ Roy Morgan New Zealand Consumer Confidence Index 92.4 October (prior 94.6)Apple beats on earnings and services, but China sales disappointCoinbase profit surges as trading volatility lifts revenueMajor US indices close at session lows. Amazon announces strong earnings after the closeAmazon tops Q3 estimates, sees strong Q4 holiday salesFrom Japan today, we had October inflation data from the Tokyo area, which often serves as an early indicator ahead of the nationwide figures due in about three weeks.The Tokyo core consumer price index (excluding fresh food) rose 2.8% year-on-year, above forecasts for 2.6% and up from 2.5% in September. The core-core measure (excluding both food and energy) also climbed 2.8%, underscoring persistent price pressures.The gains were driven mainly by higher food costs — including a 38% jump in rice prices — while service-sector inflation remained modest at 1.6%, suggesting firms are still slow to pass on rising labour costs.Elsewhere, industrial output and jobless data were encouraging (see details above). The yen drifted higher in morning trade to just under ¥153.70 before recovering to around ¥154.00.From China, the official October PMIs showed manufacturing slipping further into contraction at 49.0 (from 49.8 in September), marking a seventh consecutive month below 50, while non-manufacturing edged up to 50.1 from 50.0.Outside of the yen, major FX pairs traded narrowly. Japan’s Nikkei 225 set another record high, while mainland Chinese and Hong Kong equities underperformed.
Asia-Pac
stocks:Japan
(Nikkei 225) +1.7%Hong
Kong (Hang Seng) -0.8%Shanghai
Composite -0.6%Australia
(S&P/ASX 200) +0.25%
This article was written by Eamonn Sheridan at investinglive.com.
💡 DMK Insight
Tokyo’s inflation hitting 2.8% is a game changer for FX traders right now. This uptick is likely to intensify speculation around a Bank of Japan (BoJ) rate hike, which could strengthen the yen against major pairs. Traders should keep an eye on how this inflation data interacts with broader economic indicators, especially as the U.S. Federal Reserve continues its tightening cycle. The RBNZ’s comments on U.S. tariffs impacting New Zealand’s demand add another layer of complexity, potentially affecting NZD pairs. With the yen’s volatility likely to increase, watch for key resistance levels around recent highs, as a confirmed rate hike could trigger significant moves. On the flip side, if the BoJ remains dovish despite rising inflation, it could lead to a sharp sell-off in the yen, creating a potential buying opportunity for those looking to capitalize on a rebound. Keep an eye on the 2.8% inflation mark as a pivotal point for future trading strategies, especially in the context of upcoming central bank meetings.
📮 Takeaway
Watch for the yen’s response to the 2.8% inflation figure; a BoJ rate hike could strengthen it significantly against major pairs.
