How we got here:

APAC headlines (read from the bottom up for the chronology)

It was a bit of a placeholder session for APAC here today as markets awaited the US inflation report due later. There is a preview in the bullets above and more will follow.

There was news regarding the Canadian protests further disrupting economic activity. Both Ford and Toyota announced production curbs, including plant closures.

Otherwise news and data flow was of minor import only. Japan’s PPI for January rise to 36+ year high! As noted in the posts on the this data point (see bullets above) there has so far been very limited flow-through to Japanese consumer prices (I’m sure this is news to no-one).

Across FX it was a day of minor wiggles only. Bond markets are awaiting the CPI and yields have been a forex driver, thus today was a little subdued.

Even Bitcoin was a bit quiet:

btc chart 10 February 2022