Market News
Yen firms on BOJ talk, sterling calmer on CPI, but US data still to come - REUTERS
Summary
- Yen appreciates on rising prospect of BOJ hike
- British inflation unexpectedly slows
- Sterling steady even as gilts rally
- Dollar recovers from Tuesday's fall
- China's yuan again very close to daily downside limit
SINGAPORE/LONDON, Jan 15 (Reuters) - Japan's yen strengthened on Wednesday on growing bets on a rate hike at the Bank of Japan's next meeting, while cooling British inflation offered relief to the pound, but traders were reluctant to buy too much into either ahead of U.S. price data.
U.S. consumer price index numbers for December are the main scheduled global economic release of the week, and a figure that comes in above the 0.2% monthly increase in core CPI that markets expect could further limit the scope for Federal Reserve rate cuts this year.
