US inflation shock zaps yen, China CPI up next
Yahoo Finance -

Asia's equity and bond markets on Thursday get their first chance to react to Wednesday's sizzling U.S. inflation report, and all the signs are investors should hold on to their hats. The moves in the dollar and Treasury yields, in particular, are an aggressive tightening of financial conditions for corporate and sovereign borrowers in emerging markets, and Asian markets will feel the squeeze on Thursday. Perhaps most eye-catching of all, from an Asian market perspective, was the Japanese...

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