EUR/USD 1.13695
-0.062%
Gold 4055.29
0.148%
Oil 88.087
-3.285%
USD/JPY 163.833
-0.013%
GBP/USD 1.33124
-0.008%
GBP/JPY 218.106
-0.006%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 24, local time, Israeli Prime Minister Benjamin Netanyahu and Defense Minister Katz issued a joint statement announcing that, after consultations with a small group of security cabinet members and heads of the military and intelligence agencies, they had instructed the Israel Defense Forces (IDF) to take a series of strong security measures in the West Bank. According to the joint statement, the IDF will take five specific actions: demolishing Palestinian homes accused of "attacking" during clashes near the village of Tell on the morning of the 24th; launching strong military operations in relevant Palestinian villages, including confiscating weapons and revoking work permits for local residents; further increasing troop deployments throughout the West Bank; implementing separate traffic rules for Israeli and Palestinian vehicles and establishing additional military checkpoints on relevant roads; accelerating the "legalization" of so-called "outpost farms" established by Israeli Jewish settlers in the West Bank, and approving the establishment of new "outpost farms."Oil prices continued to fall, with WTI crude oil dropping below $90 per barrel. A quick overview of the pre-market conversion of domestic and international crude oil prices in a chart.Spot gold and silver prices rebounded from their lows; a chart provides a quick overview of the pre-market conversion prices of gold and silver between domestic and international markets.EU foreign policy chief: As Tehran intensifies domestic repression, the EU will continue to hold those responsible accountable.EU foreign policy chief: We have also imposed sanctions on key figures in an online organization that has been instrumental in the Iranian regime’s suppression of information.

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