Japan's Nikkei 225 led losses in Asia on Friday, falling more than 3%, while the broad based Topix fell 2.25%.
posting five straight days of losses, its longest losing streak since last October. The broad index lost 0.22%, while theJapan headline inflation eases to 2.7% in March, core inflation holds steady at 2.6%Core inflation in the country stood at 2.6%, in line with expectations from economists polled by Reuters and down from February's 2.8%.
"Yesterday's pop in put/call ratios + the recent increase in"short" S&P ETF volumes have caught our eye as price action begins to affect behavior," Verrone said. "The prevailing consensus is that inflation's recent pickup is an anomaly, and that inflation will return to its low pre-pandemic run-rate ahead," the firm wrote on Wednesday."The last three CPI reports support MRB's view that the consensus is mistaken."
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