📌 U.S. Retail Sales / PPI – Market Outlook for Friday, May 15, 2025

📌 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

• U.S. Retail Sales (April)

• U.S. Producer Price Index (April)

• U.S. Initial Jobless Claims

• NY Empire State Manufacturing Index

• Philadelphia Fed Index

• U.S. Industrial Production

• Eurozone GDP (Revised)

• Eurozone Industrial Production

• France Final CPI

🎙 Today’s Scheduled Speeches

• Fed Chair Powell (Review of monetary policy framework)

• Several officials from the ECB and Bank of England are also scheduled to speak

📌 Strategy Notes

• Watch for a potential reversal of recent risk-on sentiment

• If U.S. data drives a clear move, USD selling may resume

• Be prepared for movement in both directions and follow the post-release trend accordingly