Coming up in Asia Pacific trading: It's RBA day, Japan household spending too

<p>It's RBA day. The decision will come at 2230 ET (2:30 pm Sydney time) and no change from the 4.35% cash rate is expected now or for awhile.</p><p>Before that, we will have some notable data with Japanese December household spending out at 1830 ET (830 am in Tokyo) and expected to contract 2.1% y/y but rise 0.2% m/m. Data on overtime pay and overall labor cash earnings are due too.</p><p>Before we get the RBA decision, the Q4 Australian data on retail trade is due as well. I can't understand why this is still being released quarterly in the digital age but that makes it particularly impactful. It's out at 11:30 am in Sydney or 0030 GMT.</p><p>AUD had a bit of a rough one in US trading, falling 0.5% or 31 pips. </p><p>Eamonn is off today so I'll be filling in.</p>

This article was written by Adam Button at www.forexlive.com.