ForexLive Asian market wrap: China December CPI 4.1% YoY

China's CPI fell slightly from previous month Geithner tells China no tools left for further QE Japan December current account Yen139 billion Japan will take steps to limit oil imports from Iran (after talks with Geithner) ECB and BOE meet later today Spanish bond auctions at 09:30 GMT Most regional bourses pretty flat apart from Nikkei which falls 1% Gold $1644/oz, Oil $101.50/bbl EUR/USD has traded in a tight range ahead of the ECB and Spanish bond auction. EUR/GBP and EUR/AUD have managed some modest gains with light profit-taking ahead of risk events the likely explanation. Ranges: EUR/USD 1.2700/28 Most of the NZD buying of recent days is being attributed to insurance related payments for the Christchurch earthquake with most of the NZD buying against the USD and the GBP. AUD/USD has had a relatively quiet session either side of 1.0300. Chinese CPI was pretty much as expected and flows were light. Ranges: 1.0281/1.0317 Cable 1.5308/35; EUR/GBP .8285/.8306; EUR/JPY 97.60/84; USD/JPY 76.80/92; EUR/CHF 1.2110/30.