EUR/USD 1.17858
0.110%
Gold 5096.86
2.005%
Oil 66.320
-0.480%
USD/JPY 155.059
0.041%
GBP/USD 1.34890
0.196%
GBP/JPY 209.162
0.248%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Italian Foreign Minister: I had a lengthy dialogue with EU Trade and Economic Security Commissioner Šefčovič to coordinate joint action between Italy and EU member states. Solidarity among Europeans is crucial. Tomorrow I will attend the G7 international trade meeting, followed by a tariff working group briefing Italian businesses on the situation.On February 22, Russian Presidential Press Secretary Dmitry Peskov stated that if nuclear weapons aimed at Russia were to appear in Estonia, Russia could also target Estonia with its own nuclear weapons. This comes after Estonian Foreign Minister Chahekna stated that Estonia would be willing to deploy nuclear weapons on its territory if requested by NATO.On February 22, US Presidential Envoy Witkov, speaking about Iran, stated, "Trump is curious why Iran hasnt yielded yet? Considering our naval power there, under this pressure, why havent they come to us and said we dont want weapons?" Witkov also stated that Trump has instructed him and Kushner that Iran must cease its uranium enrichment activities and send out nuclear materials, arguing that Tehrans nuclear materials exceed civilian needs. Furthermore, Witkov indicated that he met with Iranian Prince Reza Pahlavi, at Trumps direction.Ukraines power grid operator said that Russia attacked Ukraines energy infrastructure again last night, causing power outages.According to data from Maoyan Professional Edition, the movie "Pegasus 3" grossed over 2.5 billion yuan in just 6 days after its release.

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

Daniel Rogers

Aug 10, 2022 11:32

 截屏2022-08-10 上午10.31.53.png

 

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%.


Suggestion