investingLive Asia-Pacific FX news wrap: Yen lost ground on poor GDP data.It was a subdued session across Asia on the first day of China's Lunar New Year holiday, with mainland markets closed for the week and additional closures scheduled in Singapore and Hong Kong. Trading conditions were further thinned by the US Presidents' Day holiday, with US equity markets shut and SIFMA recommending a full closure for US dollar fixed-income trading.
Canadian Dollar consolidates against USD ahead of this week's Canadian CPI and FOMC minutes.Canadian Dollar consolidates against USD ahead of this week's Canadian CPI and FOMC minutes
Japan sidesteps technical recession as Q4 growth barely grows by 0.1% qoq.Japan's economy narrowly avoided a technical recession in Q4, but the rebound fell short of expectations. GDP rose just 0.1% qoq, below the 0.4% forecast, though an improvement from Q3's -0.6% contraction.