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Muted Open, Market Awaits CPI

US TSYS

Cash tsys have opened flat to 0.5bps cheaper. TYH3 deals at 112-27+, +0-02+, operating in a narrow 0-01 range. The proximity to today's January CPI print will likely keep many on the sidelines in Asia hours.

  • Participants will have one eye on the BOJ Governor nomination with Kazuo Ueda expected to be confirmed at 11am Tokyo (2am London). Ueda is seen as more of a centrist appointment than an outright hawkish step.

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