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.