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Dust Settles After U.S. CPI

FOREX

The yen has topped the G10 pile amid mild risk-off flows across G10 FX space, albeit major currency pairs have been happy to hug very tight ranges. The broader headline flow has failed to offer much to affect price action, which has resulted in stabilisation after Wednesday's market reaction to the release of U.S. CPI data. USD/JPY has shed a handful of pips in early Tokyo trade, but yesterday's low remains intact.

  • U.S. PPI and weekly jobless claims headline today's data docket, with comments due from Fed's Brainard, Barkin & Evans, ECB's de Guindos & Elderson as well as BoE's Mann.

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