Asian Currencies Mixed; Fading Fed Rate-Cut Prospects May Weigh -- Market Talk

Dow Jones01-12

0057 GMT - Asian currencies are mixed against the dollar in the early morning session. A "glass‐half‐full" December U.S. payrolls report has increased risks that the Fed delays the rate cuts, which OCBC Group Research currently expects in 1Q, two strategists say in a note. "Focus now turns to this week's December CPI report," the OCBC strategists say. "Positioning and consensus remain short USD, leaving the currency vulnerable to a further short squeeze if inflation surprises to the upside," they add. USD/KRW is 0.1% higher at 1,458.42, while USD/JPY is down 0.3% at 157.57, according to FactSet data. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

January 11, 2026 19:57 ET (00:57 GMT)

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