Posted 11/14/2023, 7:03:29 AM
Yen Near 32-Year Low Ahead of Key U.S. Inflation Data; Retailers Face Inventory Pressures
- Markets subdued ahead of U.S. inflation data, with yen near 32-year lows against dollar
- Economists expect U.S. consumer price inflation to slow in October, but core rate seen unchanged
- Strong inflation data could pressure yen further; Japanese officials warn against excessive moves
- Corporate focus on Novo Nordisk after positive trial data; retailers Walmart and Target results loom
- Reuters analysis shows excess inventory may squeeze retailer margins, lead to discounts during holidays