ForexLive Asia-Pacific FX news wrap: US CPI-driven puke continued

The
US inflation data release on Friday prompted a sell off in bonds and
equities and a bid for the USD. That all continued here in Asia.

USD/JPY
rose to 135, its since stalled just under. Statement




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from Japan (




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cabinet secretary Matsuno




)
attempted to verbally support the yen but there has been no actual
intervention in the market and the comments were not indicative it is
imminent yet.

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he
USD climbed elsewhere also. EUR, AUD, NZD, GBP, CAD all lower.
USD/CHF is little changed.

D




ata
flow was barely existent. There was nothing from central bankers
speaking. Curiously, despite the Fed blackout ahead of Wednesday’s
Federal Open Market Committee (FOMC) statement Vice-Chair Brainard is
on the speaking circuit today (a pre-recorded speech, see bullets
above).

Equities





slumped further. A pretty bleak Monday, in all.

Bitcoin,
and other crypto was slammed over the weekend. It emerged on Monday
(Asia time) from Celsius Network that they had stopped (the statement
from the firm said paused) “all withdrawals, Swap, and transfers
between accounts.” Ugly s




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.
BTC/USD hit lows on the session circa USD26,600.