$Yen rises against all its G10 peers as Japan named Kazuo Ueda as next central bank governor. #Bond traders are pricing in an end to negative rates around the middle of this year.
EUR and most Asian currencies rise, led by Korean won, ahead of US inflation figures expected today.
The #dollar was little changed, as Federal Reserve Chair Powell reiterated his message that interest rates need to keep rising to bring inflation back under control.
Meanwhile Federal Reserve Bank of Atlanta President Bostic expressed his view after Friday`s strong jobs report, that the fed funds rate would possibly need to go higher than previously thought.
US Treasury yields were slightly down at the front end and unchanged at the 10yr trading around 3.63%, after having risen by about 20 bps at the front and 10 bps at the long end in yesterday`s session.
The #Aussie#dollar rose after the RBA raised rates by 25 bps as expected and signalled further tightening. $EURUSD was just above 1.07 and $USDJPY around 131.75.
... $USDJPY was just below 132 while $EURUSD was around 1.0783.
US Treasury yields continued higher after having risen Friday across the curve with the 2 yr now around 4.34% and the 10 yr near 3.55%.
The #Yen weakened versus most major pears following a report that the Japanese government has approached BOJ Deputy Governor Amamiya about succeeding Kuroda as head of the central bank.
The #Yen was stronger on back of Tokyo inflation data which was higher than expected. Tokyo CPI reached a multi decade high of 4.4% while the CPI Ex Fresh Food (the metric followed by the Bank of Japan) reached 4.3%. USD/JPY was below 130 while EUR/USD was near 1.0875.
$EURUSD was above 1.09, while $USDJPY was below 130, strengthening against most of its G-10 peers.
US Treasury yields were slightly lower with the 2 yr at 4.13% and the 10 yr around 3.45%.
... ECB President #Lagarde confirmed the Central Bank's intention to return inflation to its goal, pointing to more `significant ‘interest rate increases at coming meetings.
The #dollar was lower against major currency peers after Federal Reserve Governor Waller (one of the more hawkish officials) supported raising rates by 25 bps at the next meeting (31.01.-01.02.).