Economists polled by Reuters expect CPI readings due on Tuesday to show headline prices and core CPI rising 0.5% and 0.4% in January from the previous month, respectively. However, some readjusted their expectations for a slightly lower CPI on Monday.
Asian shares edged higher on Tuesday, while the yen pared losses as Japan named a new central bank governor.
US Secretary of State Anthony Blinken is considering meeting with top Chinese diplomat Wang Yi at the Munich Security Conference starting this week, sources said, adding to the contributed to the positive momentum.
This will be their first face-to-face meeting since the US shot down an alleged Chinese spy balloon and other flying objects.
