Focus on UK CPI Results and Upcoming Market Movements

Wednesday, 20 March 2024, 05:41

The market is closely monitoring the impact of post-BOJ fallout on the Japanese yen, pushing USD/JPY higher to above 151.50 while the dollar remains stable ahead of the Fed's meeting. Treasury yields are still elevated near 4.30%, highlighting market volatility. European trading eyes the UK's CPI figures and FOMC decision, with implications on the pound's future and BOE's rate cut strategy.

LivaRava Finance Meta Image — Focus on UK CPI Results and Upcoming Market Movements

Market Movements

The Japanese yen continues to dominate currency markets, with USD/JPY reaching above 151.50 amid post-BOJ fallout.

Meanwhile, the dollar remains steady as focus shifts towards the upcoming Fed meeting.

Treasury yields are elevated near 4.30%, following increased market volatility.

Key Economic Data

0700 GMT: Germany February PPI figures
0700 GMT: UK February CPI figures
1100 GMT: US MBA mortgage applications w.e. 15 March

European trading anticipates the FOMC decision and UK inflation data for potential market movements.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Market Movements

Key Economic Data

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