Currency markets subdued as oil shock lifts global yields; ECB, U.S. inflation eyed

By Jiaxing LiCurrency markets treaded water in cautious trading on Thursday as investors weighed a fresh surge in oil prices and global bond yields, while the yen's powerful rally also took a breather ahead of U.S. PPI and inflation readings.Brent crude futures ICEEUR:BRN1! remained firmly above $1…