Japanese Exports YoY (Jan) Y/Y 16.8% vs. Exp. 12% (Prev. 5.1%, Low. 4.9%, High. 16.1%)
The significant beat in Japanese exports growth at 16.8% for January, compared to the expected 12%, suggests robust demand for Japanese goods.
Australia sells AUD 1.2bln 4.25% October 2035 bonds, b/c 3.90, avg. yield 4.7439%
[MARKET UPDATE] Asia-Pac stocks begin positive in continued thin conditions as many regional bourses remain closed for Lunar New Year holidays
Japanese Exports YoY (Jan) Y/Y 16.8% vs. Exp. 12% (Prev. 5.1%, Low. 4.9%, High. 16.1%)
IMF says if volatility hits market liquidity, the BoJ should be ready for targeted interventions, such as emergency bond buying, and that Japan should avoid cutting consumption tax as it would weaken fiscal space and raise fiscal risks
Australian Westpac Leading Index MoM (Jan) M/M -0.1% (Prev. 0.1%)
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This stronger-than-expected figure may indicate improving global trade dynamics, which could have positive implications for the yen, especially in its relation to commodities. The upward revision from the previous month (5.1%) further confirms a solid upward trend, possibly influencing market expectations around Japan's economic recovery and monetary policy direction.
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