Tokyo keeps intervention risk alive as yen swings. Mimura recap..Japan's top currency official reiterated that authorities remain on high alert over foreign exchange volatility, pushing back against speculation that Tokyo may have already stepped up activity behind the scenes as the yen staged a sharp rebound.

Japan PPI eases to 2.3%, but import costs accelerate.Japan's producer price index slowed slightly to 2.3% year-on-year in January from 2.4%, matching expectations and suggesting pipeline price pressures are stabilizing. The moderation came despite sharp divergences across components.

RBA's Bullock says inflation above 3% “unacceptable,” keeps door open to more hikes.RBA Governor Michele Bullock reinforced the hawkish stance at a Senate estimates hearing today, making clear that further tightening remains on the table. “If we need to go up further because inflation is entrenched, the board will do so,” she said, stressing that returning inflation to target remains the central bank's primary mandate.

BoC minutes stress geopolitical risks, keep policy optionality.The BoC left its benchmark overnight rate at 2.25% in January, and the published summary of deliberations underlined how elevated uncertainty has reshaped policy discussions. Members agreed that maintaining “optionality” in setting monetary policy was critical given the unusually turbulent backdrop.

USD/JPY Outlook: Momentum Bearish, But Can Dollar Find Support on Strong Jobs Data?.USD/JPY is experiencing significant downward pressure with prices pushing down to a daily low at 152.800. The pair is now trading below the 100-day MA but is more downside still a possibility?

Lunar New Year 2026: Mainland China markets are scheduled to be closed February 16–23.Lunar New Year 2026 lands on Tuesday 17 February and, as usual, it will reshape trading conditions across mainland China, Hong Kong and Singapore, with liquidity effects often as important as the headlines.

Breakaway yen keeps dollar under the cosh.A resurgent yen, runaway Aussie and steadily rising yuan had the dollar under pressure on Thursday and drifting toward a weekly drop, as investor focus turned to the next batch of U.S. labour and inflation data.

Japan not lowering guard against FX moves, top currency diplomat says.Japan's top currency diplomat Atsushi Mimura said on Thursday Tokyo has not lowered its guard against foreign exchange movements, issuing a fresh warning against currency volatility even after the yen surged against the dollar.

Japan's Top FX Diplomat Mimura: Authorities are watching FX with high urgency.Japan's Top FX Diplomat Mimura: Authorities are watching FX with high urgency

Japan's Mimura says watching FX with urgency, flags close US contact.Japan's top currency diplomat issued a familiar but pointed warning to foreign exchange markets, saying authorities are watching developments “with a high sense of urgency” and are not lowering their guard amid renewed yen volatility.

USD/JPY Forecast: Yen rallies as Japan curve flattening bites.The yen is rallying at a time it arguably shouldn't be. Higher US Treasury yields and a solid nonfarm payrolls report have done little to slow the move, with shifts in Japan's yield curve and fading fiscal anxiety emerging as the dominant near-term driver for USD/JPY.

United Kingdom RICS Housing Price Balance above expectations (-11%) in January: Actual (-10%).United Kingdom RICS Housing Price Balance above expectations (-11%) in January: Actual (-10%)

Japan Producer Price Index (MoM) meets forecasts (0.2%) in January.Japan Producer Price Index (MoM) meets forecasts (0.2%) in January

Japan Producer Price Index (YoY) in line with forecasts (2.3%) in January.Japan Producer Price Index (YoY) in line with forecasts (2.3%) in January

US House passes 219–211 resolution to end Trump's Canada tariffs (there is a but ...).The U.S. House of Representatives voted 219–211 to pass a resolution seeking to terminate former President Donald Trump's tariffs on Canada, marking a rare bipartisan rebuke of executive trade authority.

PBOC: Limited inflation constraint, easing likely – ING.PBOC: Limited inflation constraint, easing likely – ING

AUD/JPY Price Forecast: Slides over 1%, yet it remains bullish biased.AUD/JPY Price Forecast: Slides over 1%, yet it remains bullish biased

TRADING DAY Payrolls surprise, another yen rise.Wall Street wobbled and Treasury yields rose on Wednesday following the release of stronger-than-expected U.S. jobs data, while Japan's yen extended its strong post-election rally for a third day.

Why Japan's emboldened PM won't toy with risks of a weak yen.Japanese Prime Minister Sanae Takaichi's landslide election win has given fresh impetus to her economic stimulus agenda but the risk of destabilising yen declines remains one firm check on her push for low interest rates.

Natural Gas Price Forecast: Support Holds Near Trend Channel.Natural gas is testing key trend channel support near $3.01–$3.06, showing signs of stabilizing, with upside potential contingent on reclaiming the $3.66 swing high.

Malaysia: Stable outlook supports Ringgit – UOB.Malaysia: Stable outlook supports Ringgit – UOB

Economic and event calendar in Asia Thursday, February 12, 2026 - Japan PPI.A light data agenda for the session today. Japan's January wholesale inflation data will be of some interest.

China: Deficit miss seen supporting growth – Standard Chartered.China: Deficit miss seen supporting growth – Standard Chartered

Singapore GDP: Upgraded growth outlook on AI momentum – UOB.Singapore GDP: Upgraded growth outlook on AI momentum – UOB

Australian Dollar Rallies on Hawkish RBA.GBP/AUD 2026-2027 forecast: Median, range and upside/downside risks based on projections from 20+ investment banks and FX analysts.View forecasts The Pound to Australian Dollar (GBP/AUD) exchange rate slipped back towards the low 1.92s after striking a fresh 16-month low overnight, as hawkish Reserve Bank of Australia rhetoric... Exchange Rates UK - Exchange Rates and Foreign Exchange

Pound-to-Euro Forecast: GBP Gains as Russia Worries Weigh on EUR.The Pound to Euro (GBP/EUR) exchange rate edged higher midweek, with Sterling brushing aside lingering UK political tensions as renewed Russia-Ukraine concerns weighed on the single currency. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.14871 (+0.17%)Pound to Dollar (GBP/USD): 1.36499 (+0.13%)Euro to Dollar (EUR/USD): 1.18828.

Indonesia: Fiscal and growth outlook under scrutiny – MUFG.Indonesia: Fiscal and growth outlook under scrutiny – MUFG

Japanese Yen Short-term Outlook: USD/JPY Faces Largest Weekly Loss Since 2024– Key Support in Focus.USD/JPY has rolled over after marking an outside-day reversal on Monday with the bears approaching a technically significant floor after a third day of sustained selling pressure. The decline has carried price back toward a confluence support zone that previously served as a launch point last month.

Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Gains Ground Despite Rising Crude Inventories.Oil markets keep moving higher as President Trump may send a second aircraft carrier to the Middle East.

United States Monthly Budget Statement came in at $-95B, below expectations ($-86.5B) in January.United States Monthly Budget Statement came in at $-95B, below expectations ($-86.5B) in January