Japan’s retail sales rebound in Oct, IP misses estimates

Japan’s total retail volumes rebounded 1.8% y/y in Oct, the Ministry of Economy, Trade and Industry said on Monday. Market expected an increase of 0.9% following the 0.1% decline in September.
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AUD/USD: early support on big week

AUD/USD is making a minor recovery vs the dominant downtrend and early loss of ground on stops as the market sucked up the disinflationary environment in Australia at the start of this week with the TD Securities inflation mean trim for Nov that came in below the RBA's target of between 2-3% at 1.6%y/y.
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