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A calmer mood awaits European traders in the session ahead

Markets leave behind the chaotic reaction to the US CPI data yesterday

The wait is on the US CPI data coming up later today

That will make European trading in the session ahead a bit more of a placeholder

Plenty of big data to watch out for in trading this week

The US consumer price inflation report for February will be the main highlight

UK inflation on the agenda today

More inflation data to add to the mix

USD/JPY Jumping Beyond 150 Triggers Several Verbal FX Warnings from Japan

USD/JPY jumping beyond 150 (150.5) triggered several verbal FX warnings from Japanese officials. Later today, the calendar in US and EMU is thin, but markets will look out for the assessment of Fed governors after the US CPI beat. Tomorrow’s US retail sales is the next real highlight.

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