This week on the policy front, the Bank of Japan is expected to stand pat in its gradual process of unwinding more than a decade of large-scale monetary easing. The bank is likely to raise its policy interest rate by 25 basis points to 0.5% in December, which is seen as halfway toward its tentative goal of lifting it to 1% from negative to zero rates that were left unchanged until March this year.

In the U.S., the Dallas Fed manufacturing survey's general activity index is forecast to show a continued contraction at minus 9.0 in October, unchanged from September.

Japanese payrolls are expected to post their 26th straight rise on year in September amid tight labor market conditions. The unemployment rate is forecast at 2.5%, unchanged from 2.5% in August, when it unexpectedly improved from 2.7% in July, thanks to lower job losses and retirements. The government continues to describe employment conditions as"showing signs of improvement."

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.