Morning Bid: Japan inflation eyed; yen and yuan slide
Japanese inflation goes under the microscope on Friday, with scrutiny likely to be magnified more than usual given the yen's slide toward record lows, rising oil prices and the Bank of Japan's cautious approach to normalizing monetary policy.
Trade tensions between China and the West continue to unnerve investors. German Economy Minister Robert Habeck stirred the pot on Thursday, saying in Seoul that South Korea and Germany both aim to diversify away from China, broaden their raw material suppliers and reduce their dependence on critical products.futures both hitting their highest levels since April 30. WTI is now up 13.
The yen fell back to 159.00 per dollar on Thursday, deep in 'intervention' territory. Could traders push it closer toward 160.00 level and really test Tokyo's resolve?
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