RSS ForexLive Asia-Pacific FX news wrap: Awaiting the US CPI data, USD/JPY fell on Ueda

Currently reading:
 RSS ForexLive Asia-Pacific FX news wrap: Awaiting the US CPI data, USD/JPY fell on Ueda

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
12,295
Likes
1,923
Credits
33,750©
Cash
0$

Major FX traded in subdued ranges (yen strengthened, more on this below) during the session here as traders awaited the US December CPI data due at 8.30 am US Eastern time today.

News and data flow were limited with only South Korea notable:

  • South Korea’s unemployment rate rose to the highest level in more than three years
  • South Korea’s impeached President Yoon has been arrested

More on these in the points above.

We did have European Central Bank Chief Economist Lane speaking in Hong Kong. He expects inflation in the eurozone to decline further, with lower interest rates ahead also.

I posted this earlier in the week

– a guide to expectations for the US CPI data. Check out the ‘range’ post above for the distribution of forecasts.

Bank of Japan Governor Ueda said that if improvement in economy and price conditions continues the Bank will raise rates. USD/JPY dipped on his comments at a Bank Branch managers meeting.

This article was written by Eamonn Sheridan at www.forexlive.com.
 
Status
Not open for further replies.
Tips

Similar threads

Top Bottom