Asia Summary and Highlights 30 Jul
Australia Q2 2025 Headline CPI 2.1%y/y
Tsunami warnings have been issued across much of Japan's eastern coastline
Asia Session
The Q2 Australian headline CPI came in lower than expected and inch closer to the lower bound of target rate at 2.1% y/y. Trimmed mean CPI also tread lower to 2.7% y/y. It looks like an imminent cut from the RBA is sealed in. The broad risk sentiment looks upbeat with both regional and U.S. three major equity indexes are in the green and see the AUD/USD trading 0.03% higher at 0.6512, NZD/USD is trading 0.14% higher at 0.6511 while USD/CAD slips 0.03%.
Earthquakes above eight magnitude hit the east coast of Russia. Tsunami warning have been issued in multiple countries and across most of Japan's eastern coastline. It is expected waves to be as high as 3.3 metres and over 900k people have been asked to evacuate along the eastern coastline of Japan. USD/JPY is trading 0.36% lower at 147.90. Else, EUR/USD is is up 0.07% and GBP/USD is unchanged.