Eamonn Sheridan

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News
Japan manufacturing pmi 02 February 2026 2
News

Japan manufacturing PMI jumps back into expansion as demand and hiring surge

  • The PMI rebound supports a firmer growth outlook for Japan, but rising cost and price pressures, amplified by yen weakness, may reinforce expectations for gradual policy normalisation.
Central Banks
pboc cny yuan note 24 September 2025 8
Central Banks

PBOC is expected to set the USD/CNY reference rate at 6.9710 – Reuters estimate

  • PBOC CNY reference rate setting for the trading session ahead.
Central Banks
aud inflation 02 February 2026 chart
Central Banks

Melbourne Institute inflation gauge ticks up to 3.6% y/y, keeping RBA hike risk alive

  • The softer monthly rise helps at the margin, but the higher annual pace supports the “sticky inflation” narrative, leaving the AUD and front-end rates sensitive to the RBA expected hike.
Central Banks
USDJPY update summary 02 February 2026 2
Central Banks

BoJ: Moderate recovery, inflation persistence reinforce cautious further tightening case

  • The Summary of Opinions reinforces BOJ’s gradual tightening narrative, underpinning yen and JGB volatility risk while keeping markets alert to timing of the next rate move.
Commodities
Crude opening lower 02 February 2026 chart 2
Commodities

Oil opens lower as OPEC+ holds March output and Iran risk premium wobbles

  • A softer open suggests some profit-taking after January’s surge, but the floor remains tied to Iran headline risk and OPEC+ optionality; Q2 demand signals (especially from major importers) are the bigger swing.
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