AUD/USD, USD/JPY in focus: RBA decision, US CPI & retail sales ahead

A data-heavy week lies ahead with multiple high-impact events poised to drive volatility across major forex pairs. The Reserve Bank of Australia's rate announcement on Tuesday is the headline event, with AUD/USD traders closely watching for any shift in the RBA's policy stance. USD/JPY will be influenced by the BoJ's Summary of Opinions from its July 31st meeting, where rates were held at 1.00% following a June hike, offering clues on future tightening. Midweek, US CPI data on Wednesday and PPI on Thursday will be critical for USD positioning, as inflation readings directly impact Federal Reserve rate expectations. EUR/USD faces catalysts from German final inflation figures, Eurozone GDP second estimates, and employment data on Friday. USD/NOK may see movement around the Norges Bank announcement on Thursday. GBP/USD traders will monitor UK GDP data. The week culminates with US retail sales and the University of Michigan consumer sentiment preliminary reading on Friday, both key gauges of US economic resilience that could set the tone for near-term dollar direction.