Technical Analysis

Japanese producer prices highlight a light start to the week

Good morning to all our friends in Tokyo. The FX market is quiet so far today but it should begin to pick up any moment.

Data isn’t going to be a big driver but there are a few notable releases starting with Tokyo producer price index data at 2350 GMT, or 8:50 am in Tokyo. The consensus is +0.5% on the m/m and +8.9% on the y/y. Some talk about Japan ending yield-curve control has been doing the rounds. At the same time, we’ll get the Japanese Q4 manufacturing survey from BSI.

A short time later at 0030 GMT, we’ll get Australian job advertisement data from ANZ. The consensus is -0.7%.

There are no notable speakers on the schedule.

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