📌 U.S. Retail Sales / PPI – Market Outlook for Friday, May 15, 2025
🔻 USD/JPY
Temporarily pulled back to the 145 level 📉
→ Currently retracing half of Monday’s sharp rally (145 → 148)
→ U.S.–China tariff negotiations remain unstable with a 90-day deadline
→ Concerns over U.S. FX pressure on Asian currencies are also weighing on the market
✅ Key Focus Today:
U.S. Retail Sales and PPI
→ Market may react strongly depending on whether inflation appears to be cooling or reigniting
📊 Key Economic Indicators Today
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U.S. Retail Sales (April)
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U.S. Producer Price Index (April)
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U.S. Initial Jobless Claims
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NY Empire State Manufacturing Index
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Philadelphia Fed Index
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U.S. Industrial Production
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Eurozone GDP (Revised)
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Eurozone Industrial Production
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France Final CPI
🎙 Today’s Scheduled Speeches
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Fed Chair Powell (Review of monetary policy framework)
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Several officials from the ECB and Bank of England are also scheduled to speak
📌 Strategy Notes
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Watch for a potential reversal of recent risk-on sentiment
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If U.S. data drives a clear move, USD selling may resume
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Be prepared for movement in both directions and follow the post-release trend accordingly
