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00:30 Australia CPI, q/q IV quarter +1.4% +0.4% +0.2%
00:30 Australia CPI, y/y IV quarter +2.0% +2.4% +2.2%
02:00 China Leading Index December +1.1% +0.4%
02:00 Japan BoJ monthly economic report January
The yen remained higher following a two-day advance on speculation Japanese inflation data this week will add to evidence that the central bank’s monetary stimulus is failing to increase consumer prices.
The Bank of Japan increased its price-gain target to 2 percent yesterday and announced open-ended asset purchases to start next year. It predicted inflation will accelerate 0.9 percent in the fiscal year beginning April 2014.
The euro was 0.7 percent from its highest in almost 11 months ahead of data that may add to signs of recovery in the region. Goldman Sachs Group Inc. raised its euro forecasts to $1.40 over the next three to six months from previous estimates of $1.25 and $1.33, the bank said in a report yesterday.
The Australian dollar dropped after the statistics bureau said the country’s consumer price index rose 0.2 percent from the previous three months, trailing the 0.4 percent increase estimated by economists in a Bloomberg poll.
The British pound traded near the weakest since February versus the euro before a speech in which Prime Minister David Cameron will promise a referendum on whether the U.K. should leave the European Union.
EUR / USD: during the Asian session the pair fell below $ 1.3300.
GBP / USD: during the Asian session the pair fell to yesterday's lows.
USD / JPY: during the Asian session the pair fell by updating week low.
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