DB’s woes continue – The Fed is probing how Deutsche Bank handled billions in suspicious transactions in what could be one of the biggest money-laundering scandals ever.

Overnight Data: NZD inflation came in slightly ahead of expectations, with YoY CPI at 1.9% (exp: 1.8%) and MoM at 0.1% (exp: 0.0%).

BoJ held rate at -0.1%. Statement: ‘Core CPI remains in weak trend compared with economic expansion, tight labour situation. GDP and CPI both forecast at +0.9% for 2019/20. Risks from external factors, notably US/China trade war.

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