US CPI report mixed, risk-on reaction, gains in stocks and Bitcoin, yen strengthens, pound struggles.

From Investing.com: 2025-01-16 05:53:00

The US CPI report was mixed, leading to a risk-on-market reaction with gains in stocks and bitcoin, while today’s data releases could shake up markets again. The yen is benefiting from BoJ rate hike talk, while the pound struggles. The lack of stronger price pressures in the US fueled a risk-on reaction, with equity indices and bitcoin rallying. Market now pricing in a rate cut for July meeting despite positive developments in the Middle East. The BoJ is expected to hike rates next week, causing the yen to strengthen. The UK remains under pressure with weak economic data and fiscal concerns.



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