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JPY Outperforming, Tight G-10 Ranges Elsewhere

FOREX

JPY is outperforming, the strongest performer in G-10 space at the margins, with USD/JPY ~0.3% softer vs. the NY close. BBDXY is ~0.1% softer.

  • Tokyo CPI was on the wires this morning, the Core YoY measure printed 4.3% vs 4.2% exp. Headline CPI YoY printed 4.4% vs 4% exp.
  • USD/JPY has broken through the ¥130 handle, last printing at ¥129.70/80, a touch off session lows.
  • The Antipodeans are marginally firmer, however AUD and NZD have both respected tight ranges in early dealing.
  • Australian Q4 PPI data is on the wires this morning. Further out we have a slew of US data including personal income/spending, PCE Deflator, UofMich Consumer Sentiment and Pending Home Sales.
  • A reminder that the Lunar NY Holiday will continue to impact liquidity in Asia-Pac hours with China still out.

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