rned the potential assets sideways as investors are avoiding getting caught in volatile moves before the release. is facing barricades around 102.80 while S&P500 futures are displaying a subdued performance after two back-to-back bullish trading sessions.
At the press time, Japan’s Nikkei225 trades almost flat, ChinaA50 drops 0.17%, Hang Seng eased 0.12%, and Nifty50 slips 0.20%.have also been impacted after the release of the mixed Consumer Price Index data. The annual CPI figure has remained in line with the expectations at 1.8% and higher than the former release of 1.6%. While, the price index at the factory gate has dropped sharply, signaling less bargaining power from producers. The has shrunk by 0.7% vs. the expectation of 0.1% contraction.
Meanwhile, Japanese markets are likely to display wild gyrations as the Bank of Japan will review the side-effects of secular period ultra-loose monetary policy managed by the central bank. Japanese officials are considering shifting the paradigm of their monetary policy approach as an exit to easy monetary policy may provide support to the Japanese yen for a longer period.prices are aiming to accelerate gains further above $78.
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