The US inflation data release on Friday prompted a sell off in bonds and equities and a bid for the USD. That all continued here in Asia.

USD/JPY rose to 135, its since stalled just under. Statement s from Japan ( Ch i ef cabinet secretary Matsuno ) attempted to verbally support the yen but there has been no actual intervention in the market and the comments were not indicative it is imminent yet.

T he USD climbed elsewhere also. EUR, AUD, NZD, GBP, CAD all lower. USD/CHF is little changed.

D ata flow was barely existent. There was nothing from central bankers speaking. Curiously, despite the Fed blackout ahead of Wednesday’s Federal Open Market Committee (FOMC) statement Vice-Chair Brainard is on the speaking circuit today (a pre-recorded speech, see bullets above).

Equities slumped further. A pretty bleak Monday, in all.

Bitcoin, and other crypto was slammed over the weekend. It emerged on Monday (Asia time) from Celsius Network that they had stopped (the statement from the firm said paused) “all withdrawals, Swap, and transfers between accounts.” Ugly s tu f f . BTC/USD hit lows on the session circa USD26,600.

celcius collapse btc falls 13 June 2022