ForexLive Asia FX news wrap: Awaiting the US CPI report

How we got here:

APAC headlines (read from the bottom up for the chronology)

was a bit of a placeholder session for APAC here today as markets
awaited the US inflation report due later.

is a preview in the bullets above and more will follow.

was news regarding the Canadian protests further disrupting economic
activity. Both Ford and Toyota announced production curbs, including
plant closures.

news and data flow was of minor import only. Japan’s PPI for
January rise to

year high! As noted in the posts on the this data point (see bullets
above) there has so far been very limited flow-through to Japanese
consumer prices (I’m sure this is news to no-one).

FX it was a day of minor wiggles only. Bond markets are awaiting the
CPI and yields have been a forex driver, thus today was a little

Even Bitcoin was a bit quiet:


Articles You May Like

Yen’s Plunge Puts Japan’s Intervention Resolve Under Scrutiny
Forexlive Americas FX news wrap 21 Jun: The USD moves higher helped better flash S&P
USDCAD bounces higher today but only to the 50% midpoint of the 2-month trading range
Gold price drops on firm US yields, strong USD after solid US data
Consumer spending, inflation, and housing are 3 things to watch in the market next week

Leave a Reply

Your email address will not be published. Required fields are marked *