New Zealand inflation data increase

<p>Another quiet Asian session after the US holiday yesterday. Kiwi inflation data was a shock to the upside, raising the bets for a January rate […]</p>

Another quiet Asian session after the US holiday yesterday. Kiwi inflation data was a shock to the upside, raising the bets for a January rate rise.

Japan’s Economy minister announced that Japan is out of deflation now but there’s no guarantee it won’t return.

The USD gained against the JPY overnight and this morning so far, too.

China’s PBOC injects liquidity ahead of the Chinese holiday (starting the 3rd February).

Another lacklustre day for data releases, with only the Germany ZEW out this morning – expecting to increase to 63.4. in the Asian session. There will be AUD CPI expecting a drop to 0.5% from 1.2% and the BOJ statement from the two-day meeting.



Supports 1.3535 1.3510 1.3490 | Resistance 1.3580 1.3620 1.3650



Supports 104.15 103.90 103.50 | Resistance 104.75 105.00 105.50



Supports 1.6400 1.6375 1.6300 | Resistance 1.6470 1.6515 1.65170


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