Asia-Pacific Markets Trade Cautiously as China GDP and Canada CPI Come Into Focus

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Forex Market 

AUD: Range-Bound Trade as Risk Sentiment Softens into Week’s End
A quieter session ahead of the U.S. MLK Day holiday kept FX markets subdued, with risk sentiment weakening late in New York following political headlines. The USD firmed alongside higher U.S. yields, pressuring high-beta currencies, while the JPY outperformed on renewed focus around Japan’s currency weakness. AUD/USD traded within a narrow range and settled slightly lower, EUR/USD and GBP/USD eased after testing highs, USD/JPY drifted lower on JPY strength, and USD/CAD edged higher amid steady USD demand. AUD buying interest remains on dips with selling interest on rallies, while JPY continues to be sensitive to official commentary and fast-money flows.

General Market

Wall Street

  • Dow Jones -0.2% (49,359)
  • S&P 500 -0.1% (6,940)
  • Nasdaq -0.1% (23,515)
  • U.S. 10Y yields rose ~6bps to 4.23–4.27%
  • VIX edged up to 15.86

Asia-Pacific

  • Hang Seng -0.5%
  • Shenzhen -0.4%
  • Nikkei -0.3% (53,936)
  • ASX 200 +0.5% (8,904), led by tech (+1.2%) and real estate (+1.1%)

Europe

  • FTSE -0.1%
  • DAX -0.2%
  • CAC -0.7%
  • UK 10Y Gilts climbed to 4.39%

 

Headlines to Watch

United States

  • Trump comments on Fed leadership and potential tariffs weighed on late-session risk sentiment
  • Markets watch yield direction amid renewed USD strength

China

  • Focus on Q4 GDP, industrial output strength vs. weak consumption
  • Retail sales expected at just 1% y/y, slowest since 2022

Canada

  • December CPI key ahead of BoC January meeting
  • Business Outlook Survey and Consumer Expectations in focus for policy signals

Japan

  • Ongoing scrutiny of JPY weakness following Finance Ministry remarks
Currency PairMid-market Rate
AUD/USD0.6689
AUD/NZD1.1607
AUD/JPY105.35
AUD/CNY4.6559
AUD/EUR0.5754
AUD/GBP0.4991
AUD/HKD5.2153

 

 

 

 

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