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January 13, 2026 8:50 AM UTC
December’s CPI print reinforces that the inflation trough is behind us. While headline inflation remains below target, a sharp rebound in core driven by gold and jewellery could limit the RBI’s room for manoeuvre in early 2026. With a new CPI series incoming, the next few months will test the cr
January 13, 2026 7:56 AM UTC
The JPY has hit a new all time low against the EUR and new one year low against the USD as markets price in more fiscal easing. The rationale for the JPY decline is weak, but the momentum is strong. Intervention looks necessary to halt the decline.