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* The dollar has attempted to steady since its recent rout against the yen, but the yen could bring the pain once again after the latest data showing Tokyo inflation hitting four-decade highs ramped up bets on the Bank of Japan making a further foray into hawkish territory next week.

* The dollar was rangebound on Tuesday, hovering around its weakest level in seven months versus the euro and a group of other major currencies, as traders awaited U.S. inflation data later this week to help firm up interest rate hike expectations.

* The U.S. dollar edged higher in early European trade Tuesday, but traded just above a seven-month low as traders looked to a speech from Fed chair Jerome Powell for more clarity over the central bank's rate hike cycle.

* A rally in Asian currencies stalled on Tuesday as markets awaited more cues on U.S. monetary policy from an address by Federal Reserve Chair Jerome Powell later in the day, while caution over a Chinese reopening grew amid rising COVID-19 cases in the country.

* Deflationary pressure in China worsened in the fourth quarter as the economy slumped, with price-growth likely to be subdued even when the economy rebounds later this year, according to China Beige Book International.

* Investors should avoid Chinese currency risk and adapt to higher foreign exchange volatility, three state financial newspapers in Shanghai and Beijing said in front-page commentaries on Tuesday after more than a week of strong gains by the yuan.

Data inference

* No Major Event.

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