Most of the major Asian forex centres are closed for the good Friday holiday today.
Markets closed:
New Zealand (also closed Monday 13th)
Australia (also closed Monday 13th)
Hong Kong (also closed Monday 13th)
Singapore
Open:
Japan
China
There is not a lot on the data calendar, but for those interested ...
2350 GMT Japan bank lending for March
2350 GMT Japan PPI for March
- expected -0.6% m/m, prior -0.4%
- expected -0.1% y/y, prior +0.8%
- Producer Price Index is inflation at a business-to-business level, previously known as the Corporate Goods Price Index.
- As part of this release is data for 'domestic final goods prices' index, which loosely correlates with CPI.
- The data releases from Japan are unlikely to have much impact on the yen.
0130 GMT brings inflation data from China, for March.
- CPI expected 4.9% y/y, prior 5.2%
- PPI expected -1.1% y/y, prior -0.4%
- China's economy is getting back underway after the long shut down. The low PPI is partially attributable to the deflationary impact of the shut down
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I'll be popping in from time to time for some updates during the session.