Asia Summary and Highlights 22 November

Asia session

Japan National October headline CPI came in stronger at 2.3% y/y, moderating from 2.5% in September. Ex fresh food and energy rose to 2.3% from 2.1% y/y. It would be favorable for our call of a December BoJ hike. USD/JPY dipped to 153.96 in early Asia after the release. But the dip did not last and see USD/JPY retraced to 154.55 currently.

Regional equities are sour on Friday with the exception of Nikkei. U.S. three major equity indexes are little changed. USD is broadly stronger and see AUD/USD fell by 0.35% to 0.6488, NZD/USD also 0.49% lower at 0.5830 while USD/CAD rose 0.07%. Else, EUR/USD is down 0.08% and GBP/USD down 0.14%.