Daily Market Review by Charalambos Pissouros
Markets traded in a risk-off fashion yesterday and today in Asia, with the drivers still being the uncertainty surrounding the war in #Ukraine, the slowdown in #China, and increasing expectations over aggressive monetary policy tightening. Overnight, data showed that Australia’s headline and Trimmed CPI rates rose by more than expected in Q1, with the #Aussie rebounding, but staying in a broader downtrend against currencies, the central banks of which are seen as moving more aggressively. Tonight, investors may turn their attention to the BoJ, as they are eager to see what officials have to say about their yield curve control policy, as yields have been stubbornly testing the upper end of the Bank’s range lately.
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