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On September 13th, Iranian President Peskhziyan stated in an interview in India on the 12th that Iran and Saudi Arabia are "not at war." He said that Iran has repeatedly emphasized that all countries in the region should sit down together to build regional peace and security. There is no reason for conflict or war between countries in the region.According to the Iranian Students News Agency, former Qatari Prime Minister Sheikh Hamad bin Jassim stated, "I have consistently called for dialogue and still believe that the Gulf Cooperation Council countries should engage in dialogue with Iran collectively and directly to extricate ourselves from the crisis we are currently facing."The Peruvian candidate for Director-General of the International Labour Organization said he will focus on managing the growing impact of AI on employment and the future of work.September 13th - The 37th Shanghai Tourism Festival Grand Parade kicked off on September 12th, and Shanghais cultural and tourism consumption continues to heat up. Starting September 13th, some scenic spots throughout the city are also offering half-price tickets and other preferential offers. Meituan data shows that Shanghais cultural and tourism bookings have increased by 15% year-on-year in the past week. In terms of tourist source structure, Beijing, Hangzhou, Suzhou, Shenzhen, and Guangzhou are popular out-of-town tourist destinations. In terms of scenic spot popularity, Shanghai Disney Resort, Shanghai Wild Animal Park, Shanghai Happy Valley, Shanghai Haichang Ocean Park, and Shanghai Legoland Resort are the top 5 most popular scenic spots.According to the official measurement of the China Earthquake Networks Center, a magnitude 3.6 earthquake occurred at 10:12 on September 13 in Alxa Left Banner, Alxa League, Inner Mongolia (40.12 degrees north latitude, 106.53 degrees east longitude), with a focal depth of 8 kilometers.

The USD/JPY crosses the 135.00 mark as the DXY rises ahead of US inflation

Daniel Rogers

Aug 10, 2022 11:32

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The USD/JPY pair is climbing northward during the Asian session in an attempt to retake its two-week high at 135.58. The asset's price turned positive on Monday as a result of the abundance of bids that occurred near 134.50. The USD/JPY pair's two-day consolidated activity shows that market participants are anxiously awaiting the release of the US Consumer Price Index (CPI).

 

Investors expect a decrease in price pressures this time, thus the release of the US inflation report is crucial. The investment community is aware that the crisis between Russia and Ukraine sharply increased oil prices, which continued to be essential to pressures on global costs.

 

A more than 11% drop in oil prices in July contributed to the black gold's continued sluggishness and lowered inflation expectations. The market anticipates that the inflation rate will decrease from 9.1% to 8.7%. The core CPI, which does not include food and oil, is anticipated to increase to 6.1% from the previously announced 5.9%. It appears that the demand for durable goods is rapidly increasing again. The US dollar index (DXY) is currently aiming to surpass the 106.40 immediate barrier.

 

The yen bulls are circling Tokyo as a result of Japan's government reorganization. Finance Minister Shunichi Suzuki will probably remain in the cabinet after this week's reorganization by Japanese Prime Minister Fumio Kishida. All eyes will now be on the Japanese government's efforts to raise the labor cost index, which is essential for keeping inflation over 2%.


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