Economic calendar

Monday 2 November 2026

07:30 JPY Japan Manufacturing PMI (Final)Final Manufacturing PMI Forecast 53.3Previous 53.3

What it is: An index based on surveys of purchasing managers at Japanese factories about orders, output and hiring, compiled by S&P Global. The final reading is a revision of the earlier flash estimate.
Why it matters: A reading above 50 usually signals that manufacturing is expanding, and below 50 that it is shrinking. It is an early signal of economic health, but the final figure often matters less when it is close to the flash estimate.
Usual market reaction: Markets usually compare the actual figure with the forecast, which is often close to the flash number. A higher-than-forecast result tends to give the yen slight support as it points to a stronger economy, while a lower one often weighs on it. The reaction is usually smaller than for Bank of Japan announcements.

08:45 CNY China RatingDog Manufacturing PMIRatingDog Manufacturing PMI Forecast 52.0Previous 52.1

What it is: A survey of purchasing managers at private Chinese factories, compiled by S&P Global (formerly known as the Caixin PMI). A reading above 50 means the manufacturing sector is expanding, and below 50 means it is contracting.
Why it matters: It is one of the first monthly readings on the health of China's economy, so traders watch it closely. Its importance is usually moderate.
Usual market reaction: Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the yuan and commodity-linked currencies such as the AUD, and often helps stock market sentiment. A lower-than-forecast result usually weighs on them.

— JPY Bank Holiday

06:50 JPY Monetary Base (YoY) – JapanMonetary Base y/y Forecast -14.0%Previous -15.2%

What it is: Data from the Bank of Japan (BoJ) showing the yearly change in the monetary base, which is the cash in circulation plus the deposits financial institutions hold at the BoJ.
Why it matters: It gives a sense of how much liquidity the BoJ is supplying and the direction of its policy, but its importance for markets is usually low.
Usual market reaction: Markets compare the actual figure with the forecast. Faster-than-expected growth may suggest looser policy and tends to weigh slightly on the JPY, while a lower-than-expected or negative figure may suggest less stimulus and often supports the JPY. The reaction is usually mild compared with BoJ meetings or speeches.

08:45 CNY RatingDog Services PMI (China)RatingDog Services PMI Forecast 51.7Previous 51.6

What it is: This is a survey-based index of activity in China's private services sector, compiled by S&P Global (previously known as the Caixin PMI).
Why it matters: A reading above 50 indicates the services sector is expanding, and below 50 indicates contraction. Traders use it to gauge China's economy, which affects global sentiment. It is usually a medium-impact release.
Usual market reaction: Markets compare the actual figure with the forecast. A PMI higher than forecast usually supports the yuan (CNY) and China-sensitive assets such as the Australian dollar, while a lower reading tends to weigh on them. The effect on gold and Asian stock indices often follows overall risk sentiment.

06:50 JPY BoJ Monetary Policy Meeting MinutesMonetary Policy Meeting Minutes

What it is: A summary of the discussions at the Bank of Japan's previous monetary policy meeting, published some time after the meeting. It shows what board members said about the economy, inflation and interest rates.
Why it matters: Traders read it for clues about when the BoJ might change policy or interest rates. Its importance is usually moderate, and it can matter more when markets are focused on a possible policy shift.
Usual market reaction: There is no single number to compare, so traders look at whether the tone is more hawkish (leaning towards higher rates or less stimulus) or more dovish than expected. A hawkish tone often supports the yen, while a cautious tone with ongoing easy policy tends to weigh on it. Because the meeting has already happened, the reaction is often smaller than on the decision day.

10:35 JPY Japan 10-Year Bond Auction10-y Bond Auction Previous 3.10|3.8

What it is: This is an auction in which Japan's Ministry of Finance sells 10-year government bonds to investors and financial institutions to raise funds for the government.
Why it matters: The result shows how strong demand is for Japanese government debt and where bond yields may be heading, which traders watch regularly. Its importance is usually moderate.
Usual market reaction: Markets often look at the bid-to-cover ratio and the average yield compared with the previous auction and expectations. Strong demand and higher yields tend to support the yen, while weak demand often pressures bond prices and can cause short-lived volatility. The usual link to gold or stock indices is not very clear-cut.

06:30 JPY Japan Average Cash Earnings y/yAverage Cash Earnings y/y Forecast 3.8%Previous 3.8%

What it is: This measures the change in average total pay for workers in Japan, including bonuses and overtime, compared with a year earlier. It is published by Japan's Ministry of Health, Labour and Welfare.
Why it matters: The Bank of Japan (BoJ) watches wages because sustained pay growth supports inflation and can influence interest rate decisions. The release is usually of medium to high importance for JPY pairs.
Usual market reaction: Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the yen, as markets may see a greater chance of a BoJ rate hike, while a lower one usually weighs on it. The reaction can vary depending on what else is going on in the market.

23:00 JPY BOJ Governor Ueda SpeaksBOJ Gov Ueda Speaks

What it is: Kazuo Ueda, Governor of the Bank of Japan (BOJ), gives a speech or public remarks about the economy and monetary policy.
Why it matters: The governor guides Japan's interest rate policy, so traders watch his words closely. It is usually seen as a high-importance event.
Usual market reaction: Traders usually listen for hints about whether the BOJ may raise interest rates or keep policy loose. If the tone is more hawkish than the market expects, the yen (JPY) often strengthens; if it is more dovish than expected, the yen tends to weaken. Prices can move sharply while he is speaking.