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Slightly Firmer USD Tone, Little Fallout For Yen Post Tokyo CPI Miss

FOREX

The USD is a touch firmer in the first part of dealing. the BBDXY just above 1237.80, which is marginally above end NY levels on Thursday.

  • AUD and NZD are around 0.10% weaker at this stage. A reminder that Australian markets are closed today.
  • US equity futures are down in the first part of trade, led by the Nasdaq, off nearly 0.60%, amid late US earning results from Thursday. US yields are down a touch as well.
  • AUD/USD tracks under 0.6580 in recent dealings, NZD/USD back near 0.6100.
  • Earlier we had a weaker than expected Tokyo Jan CPI data (see this link for more details). The immediate reaction in USD/JPY was minimal though. The pair was last in the 147.70/75 region, little changed for the session.
  • The Dec BoJ mins were also published. BoJ members stated that easing would continue but that likelihood of achieving 2% inflation target sustainable was gradually rising, so not broadly different from this week's policy outcome.
  • The data calendar is quiet for the rest of the Asia Pac session.
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