Asia Summary and Highlights 22 January

Asia Session

After the first strike on Canada and Mexico, Trump is floating the idea of a 10% tariff on both the E.U. and China. While it is a negotiation tactic, in a short run it brings more volatility to the market. So far, the U.S. Treasury Yields have recapped Tuesday's losses while JGB yields also rises. USD/JPY is trading 0.25% higher at 155.87. 

The NZ Q4 CPI continue to tread within RBNZ's target range while RBNZ own preferred inflation model is lower at 3.1% y/y from 3.4%. The trajectory aligns with RBNZ's forecast and points towards more easing  from the bank. The NZD/USD  is trading 0.33% lower at 0.5669, AUD/USD is down 0.17% at 0.6262 while USD/CAD rose 0.12%. Else, EUR/USD is down 0.12% and GBP/USD is down 0.16%.