A very slow start to the trading week, with Lunar New Year celebrations across Asia and the Presidents Day long weekend in the US. US markets continue to digest the much cooler than expected inflation reading, released last Friday, that bond yields tumbling lower. Huge overreads in employment numbers for Non-Farm Payrolls, for the last two years, have allowed the Fed to hold rates higher for longer. The massive revisions lower, down nearly two million fake jobs, mean the Fed are way behind the curve. The US Dollar was steady, with the EUR trading 1.1850, while the GBP fell below 1.3650.Asian markets were quiet due to Lunar New Year celebrations, but a shocking miss on Japanese GDP growth number, reminds markets the Japanese economic situation is not good. The Euphoria of the landslide victory for the ‘Takaichi Government’ has not addressed the economic crises facing the Country. The USD was steady, with the AUD drifting to 0.7070, while the NZD slipped below 0.6050
