Reminder: It is a long weekend in the USWeekly update on interest rate expectationsBOE's Bailey: We still see gradual disinflation going onEurozone December trade balance €15.5 billion vs €16.4 billion priorSNB total sight deposits w.e. 14 February CHF 432.5 bn vs CHF 438.1 bn priorOPEC+ reportedly mulling pushing back oil supply increases that are due in AprilRussia's Novak denies talk about delaying return of OPEC+ supplyChina's NPC standing committee to hold 14th meeting session next week
Markets:
JPY leads, CHF lags on the dayEuropean equities mostly higherGold up 0.4% to $2,896.14WTI crude flat at $70.50Bitcoin up 0.2% to $96,357Both the stock market and bond market are closed, allowing for a bit of a breather before the next barrage of Trump headlines hit.
USD/JPY was down to around 151.60-70 levels in Asia, before creeping a little more to 151.45 now - down 0.6% on the day.
Elsewhere, oil rocked a bit on some headlines with a Bloomberg report initially saying that OPEC+ might delay the restart of their supply in April. That saw prices nudge up to $71.10 before falling back as Russia's Novak denied the report. WTI crude is now settling near flat levels on the day around $70.50.
A breather in the gold rally shifts the focus back to the near-term chart
This article was written by Justin Low at www.forexlive.com.Hence then, the article about forexlive european fx news wrap yen holds firm in quieter start to the new week was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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