Swiss KOF falls to 102.5, but outlook remains above average.Switzerland's KOF Swiss Economic Institute Economic Barometer eased from 103.6 to 102.5 in January, undershooting expectations of 103.2. Despite the pullback, the index remains comfortably above its medium-term average, suggesting the outlook has softened but is far from weak.

Japan's industrial production fall -0.1% mom in December, consumption falters.Japan's industrial production edged down -0.1% mom in December, a milder decline than expected -0.4% mom and consistent with a sector struggling for direction rather than deteriorating sharply. The Ministry of Economy, Trade and Industry maintained its assessment that output “fluctuates indecisively,” reflecting uneven momentum across industries.

Tokyo CPI slows to 2% on fuel subsidies, BoJ normalization path intact.Japan's January Tokyo core CPI (excluding fresh food) eased from 2.3% to 2.0% yoy, undershooting expectations of 2.2% and marking a 15-month low. Core-core CPI (excluding fresh food and energy) also eased from 2.3% to 2.0% yoy.

Euro Area GDP Out and Trump to Announce Next Fed Chair.In the euro area, we receive the first January inflation reports from Germany and Spain. Euro area inflation is expected to decline to 1.7% y/y from 1.94% y/y in December, driven by significant energy base effects despite higher energy prices in January.

USD/JPY Recovery Looks Fragile With Resistance Waiting Above.Looking at the 4-hour chart, the pair traded below a key bullish trend line with support at 158.00 to start the recent downtrend. It settled below 156.50, the 200 simple moving average (green, 4-hour), and the 100 simple moving average (red, 4-hour).

First Light News: All Eyes on Trump's Fed Chair Pick.Despite expectations of a new Trump-appointed Fed chair, markets are still only pricing in two Fed rate cuts this year.

WTI slumps to near $64.00 on oversupply concerns and strong Dollar, Iran tensions limit losses.WTI slumps to near $64.00 on oversupply concerns and strong Dollar, Iran tensions limit losses

Turkey Trade Balance dipped from previous -8B to -9.3B in December.Turkey Trade Balance dipped from previous -8B to -9.3B in December

Germany Import Price Index (YoY) above expectations (-2.6%) in December: Actual (-2.3%).Germany Import Price Index (YoY) above expectations (-2.6%) in December: Actual (-2.3%)

Natural Gas and Oil Forecast: Pullback or Launchpad? Energy Markets Face a Crucial Test.Natural gas and oil prices pull back near key support as geopolitical risks, supply disruptions, and technical levels shape the next energy market move.

Plenty of key economic data releases coming up in European trading today.Market players will be watching precious metals closely as we look to wrap up January trading. That will not only have an impact in the commodities space but there will be broader spillovers to the likes of the dollar and risk sentiment as well.

South Africa Private Sector Credit climbed from previous 7.79% to 8.74% in December.South Africa Private Sector Credit climbed from previous 7.79% to 8.74% in December

AUD/JPY Price Forecast: Bullish signals persist above 100-day EMA.AUD/JPY Price Forecast: Bullish signals persist above 100-day EMA

All about the euro: Five questions for the ECB.The European Central Bank meets next Thursday with policymakers relieved that the threat of fresh U.S. tariffs over President Donald Trump's demands to buy Greenland proved short-lived.

Japan Housing Starts (YoY) came in at 1.3%, above forecasts (-4.1%) in December.Japan Housing Starts (YoY) came in at 1.3%, above forecasts (-4.1%) in December

Japan Annualized Housing Starts rose from previous 0.718M to 0.771M in December.Japan Annualized Housing Starts rose from previous 0.718M to 0.771M in December

Trump's Fed nomination to ease market uncertainty, all eyes on Warsh.President Donald Trump's nomination to head the U.S. Federal ​Reserve will lift a cloud of uncertainty that has hung over markets for months, giving investors a signal ‌of how monetary policy may evolve once Jerome Powell's term ends in May.

investingLive Asia-Pacific FX news wrap: USD rose on Warsh Trump Fed Chair pick talk.The Trump administration is reportedly preparing to nominate Kevin Warsh as the next Federal Reserve chair, with Donald Trump expected to announce his decision on Friday morning. Warsh is understood to be on a four-person shortlist and visited the White House on Thursday, though sources cautioned that the decision is not final until Trump makes a formal announcement.

Trump warns UK over China ties as Starmer hails diplomatic reset.Tensions between Washington and its allies over China policy were brought into sharp focus after US President Donald Trump warned Britain against closer economic engagement with Beijing, even as Prime Minister Keir Starmer promoted a reset in UK–China relations during a landmark visit.

New Zealand ANZ – Roy Morgan Consumer Confidence up to 107.2 in January from previous 101.5.New Zealand ANZ – Roy Morgan Consumer Confidence up to 107.2 in January from previous 101.5

WTI declines to near $64.00 despite elevated geopolitical risks.WTI declines to near $64.00 despite elevated geopolitical risks

Rupee leans on RBI to soften impact of flows, weak Asian cues.The Indian rupee is expected to open on the defensive on Friday, on weak Asia risk and flow pressures, with traders saying the central bank remains a key backstop to prevent a move past the 92 level.

Japanese Yen weakens on soft Tokyo CPI print, fiscal woes and political risks.Japanese Yen weakens on soft Tokyo CPI print, fiscal woes and political risks

Indonesia markets face cautious open after MSCI warning sparks $80 billion rout.Indonesia stocks are poised for a nervous start on Friday, after authorities announced a slate of measures to address a warning from MSCI that triggered a more than $80 billion market rout, shaking an already fragile investor confidence.

USD/JPY Forecast: Hawkish Fed chair risk collides with soft Japan data.Donald Trump says he will announce his Fed chair nominee on Friday morning U.S. time, with Kevin Warsh leaping into the lead in betting markets. The shift has supported the USD and challenged debasement narratives, leaving USD/JPY exposed to a squeeze as Japanese data softens.

Dollar poised for weekly slide as global tensions rise.The dollar was poised for a second straight weekly decline on Friday as tariff threats against countries trading with Cuba added to global tensions that have sapped demand for U.S. ​assets.

Japanese Yen Forecast: USD/JPY Firms as Japan Data Tempers BoJ Outlook.USD/JPY rose after weaker Tokyo inflation and Japanese retail sales data cooled BoJ rate hike bets, shifting focus to US producer prices and the Fed's rate outlook.

Australia Private Sector Credit (YoY) rose from previous 7.4% to 7.7% in December.Australia Private Sector Credit (YoY) rose from previous 7.4% to 7.7% in December

Australia Private Sector Credit (MoM) came in at 0.8%, above forecasts (0.6%) in December.Australia Private Sector Credit (MoM) came in at 0.8%, above forecasts (0.6%) in December

Australia Producer Price Index (QoQ) registered at 0.8%, below expectations (1.1%) in 4Q.Australia Producer Price Index (QoQ) registered at 0.8%, below expectations (1.1%) in 4Q