Daily Alert – Tuesday 9th April 2024: All eyes on US CPI

Mark NugentApril 2024, Daily Alert

Daily Alert – Tuesday 9th April 2024: All eyes on US CPI

Good morning.

It is quiet ahead of the two main events of the week on Wednesday (US CPI) and Thursday (European Central Bank rate setting).

There is much speculation that a “hot” US CPI reading will cause the USD to rise, weakening the JPY, resulting in the Bank of Japan intervening in the currency markets to strengthen the Yen, as they have a track record of doing.

We will see. Until then, it really is quiet.

I’ll be back tomorrow.

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