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Thursday, January 9, 2025

Asia Market Movers: ForexLive Asia-Pacific FX news wrap: China December CPI the lowest since April

ForexLive Asia-Pacific FX news wrap: China December CPI the lowest since April

China inflation subdued despite fiscal stimulus. Structural & consumer sentiment challenge HSBC upgraded Hong Kong stock outlook to Overweight, raised its Hang Seng year-end target JPY remains sup... 

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China inflation subdued despite fiscal stimulus. Structural & consumer sentiment challenge

Data is here: China December CPI +0.1% y/y (expected +0.1%, prior +0.2%) Recap (summary of a Reuters report): Consumer Price Index: China's CPI rose by 0.2% in 2024, matching the previous year's growt... 

HSBC upgraded Hong Kong stock outlook to Overweight, raised its Hang Seng year-end target

HSBC Global Research has upgraded its outlook for Hong Kong stocks to "Overweight" and raised its year-end target for the Hang Seng Index (HSI) from 23,420 to 23,870. The report highlights an improved... 

JPY remains supported after Japan base salaries saw their largest increase in 32 years

Japanese workers' base salaries saw their largest increase in 32 years, Japan wages data: Inflation adjusted real wages -0.3% y/y potentially paving the way for the central bank to raise interest rate... 

China December CPI +0.1% y/y (expected +0.1%, prior +0.2%)

Consumer and producer inflation data from China for December 2024 PPI remains in deflation and CPI barely avoids it. Pretty much as expected from China. The People's Bank of China is wary of providing... 

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FX option expiries for 8 January 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for EUR/GBP at the 0.8300 level. That is likely to keep price action in the pair more locked in around the fi... 

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