USD/JPY rose during the session from under 139.00 to around 139.25 as I post. Bank of Japan Governor Ueda spoke before parliament sticking to his sup
USD/JPY
rose during the session from under 139.00 to around 139.25 as I post.
Bank of Japan Governor Ueda spoke before parliament sticking to his
support for easy monetary policy. There is more on what Ueda said in
the bullet points above, but the summary is the man is not in a hurry
to dial back easy policy any time soon.
Also
today we had inflation data from China. Consumer level inflation, CPI, is extremely subdued while wholesale price inflation, PPI, slipped
even further into deflation. USD/CNH popped back above 7.13.
On
the crypto front, Binance has suspended USD deposits, citing SEC legal
action against the firm. Bitcoin dropped a little, but only a little,
on the news.
Asian
equity markets:
-
Japan’s
Nikkei 225 +1.6% -
China’s
Shanghai Composite -0.1% -
Hong
Kong’s Hang Seng +0.1% -
South
Korea’s KOSPI +1.0% -
Australia’s
S&P/ASX 200 +0.35%
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