Indian rupee mired in narrow range; RBI defence blunts outflow-led pressure near 91.The Indian rupee is likely to remain confined to a narrow range on Wednesday, with the central bank's absorption of sizeable dollar outflows in the previous session reinforcing its defence of the 91 level.

Japan's Ozaki: Specifics of monetary policy are to be left to the BOJ.Japan's Ozaki: Specifics of monetary policy are to be left to the BOJ

Australia trimmed mean CPI climbs to 3.4%, RBA hike seen inevitable.Australia's monthly CPI for January came in hotter than expected, reinforcing expectations of further tightening from the RBA. Headline inflation held unchanged at 3.8% yoy, above the 3.7% consensus and marking the joint highest reading since mid-2024.

US Dollar Index holds losses below 98.00 after Trump's SOTU speech.US Dollar Index holds losses below 98.00 after Trump's SOTU speech

Fed's Collins sees mildly restrictive rates on hold “for some time”.Boston Fed President Susan Collins indicated that the Fed is likely to keep interest rates steady “for some time”, pointing to improving labor market conditions and unresolved inflation pressures. In remarks delivered at at event overnight, she said employment data show “at least some more signs” of stability.

Hotter Than Expected Australian CPI Boosted March RBA Hike Hopes.Australia's consumer prices rose more than expected in January, while core inflation climbed to its highest level in over a year, solidifying market expectations for another RBA interest rate hike.

AUD/JPY holds gains above 110.00 following Australia's CPI data.AUD/JPY holds gains above 110.00 following Australia's CPI data

Australian Dollar Firms After CPI Keeps RBA on Tightening Track.The Australian dollar caught another bid after the latest CPI figures confirmed inflation remains elevated and broadly in line with expectations.

China's Ascension to Top Economy Delayed… Again.China's rise to the world's largest economy is again delayed. We now estimate China overtakes the U.S. to become the largest economy in the world in 2049, pushed out from a prior estimate of early 2040s.

Canadian Dollar flat lines vs. USD as traders eye Trump's SOTU speech for fresh impetus.Canadian Dollar flat lines vs. USD as traders eye Trump's SOTU speech for fresh impetus

Yen under pressure after Takaichi report; Aussie higher on inflation.A wobbly yen was pinned near a two-week low on Wednesday after a report that Prime Minister Sanae Takaichi had told the central bank chief she had reservations about future rate hikes, while a steadily rising Chinese yuan kept pressure on the dollar.

USD/JPY: Japanese Yen Falls Almost 1% on Fresh Monetary Policy Uncertainty.USDJPY jumped 0.9% on Tuesday after Japan PM Takaichi raised concerns about BoJ's further interest rate hikes that collides with wide market expectations for increase in borrowing cost by 1% in the first six months of 2026 and the first action expected as early as April.

Japanese Yen Forecast: USD/JPY Rebounds Before Trump Speech.USD/JPY surges on fading BoJ hike bets and stronger US data. Tariff uncertainty and Trump's speech could drive the next major move.

Australian Dollar edges higher after Australian CPI; focus shifts to Trump's SOTU speech.Australian Dollar edges higher after Australian CPI; focus shifts to Trump's SOTU speech

Australia consumer prices rise 0.4% in January, core inflation picks up.Australian consumer prices rose by more than forecast in January as housing and health costs picked up, while core inflation rose at the fastest annual pace since late 2024, adding to the risk of another hike in interest rates.