How we got here:
APAC headlines (read from the bottom up for the chronology)
It
was a bit of a placeholder session for APAC here today as markets
awaited the US inflation report due later.
There
is a preview in the bullets above and more will follow.
There
was news regarding the Canadian protests further disrupting economic
activity. Both Ford and Toyota announced production curbs, including
plant closures.
Otherwise
news and data flow was of minor import only. Japan’s PPI for
January rise to
36+
year high! As noted in the posts on the this data point (see bullets
above) there has so far been very limited flow-through to Japanese
consumer prices (I’m sure this is news to no-one).
Across
FX it was a day of minor wiggles only. Bond markets are awaiting the
CPI and yields have been a forex driver, thus today was a little
subdued.
Even Bitcoin was a bit quiet: