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On September 5th, the European Border and Coast Guard Agency (EBR) announced on the 4th that it had deployed a patrol vessel to the English Channel for the first time to support French search and rescue operations against overloaded migrant boats at sea. More vessels will be deployed in the coming months. According to EBR, the patrol vessel, from the Spanish Civil Guard, began operations off the French coast this week, working in conjunction with reconnaissance aircraft deployed over the English Channel since 2021. The agency emphasized that its mission is limited to supporting French search and rescue operations and does not include intercepting migrants at sea. The patrol vessel will help France gain a more comprehensive understanding of maritime dynamics, detecting, identifying, and tracking small vessels, and transmitting precise information to French authorities in real time. EBR stated that more vessels from other EU member states will join the operation in the coming months.On September 5, U.S. Central Command issued a statement saying that on September 5, after the Iranian Islamic Revolutionary Guard Corps (IRGC) launched ballistic missiles at two U.S. Navy warships patrolling in regional waters, U.S. Central Command forces attacked three Iranian oil tankers. A U.S. aircraft carrier and a guided-missile destroyer successfully evaded multiple unprovoked attacks by Iran. There were no U.S. casualties. Following the failed Iranian attacks, U.S. Central Command permanently sank the IRGC oil tanker "Downy" near Harqa Island and the oil tanker "Stark 1" near Jask. The U.S. military also completely destroyed the unloaded oil tanker "Kailo" (also known as "Noxson") in the Gulf of Oman. After the crew was ordered to abandon ship, the U.S. military struck several key parts of the ship, rendering it unable to continue sailing. These three Iranian oil tankers belonged to a secret network worth billions of dollars that financed the IRGC and its regional proxies. Iran was unable to protect these tankers.U.S. Central Command: The United States retaliated against Irans ballistic missile attack on two U.S. Navy warships.U.S. Central Command: U.S. forces attacked three Iranian oil tankers.September 5th - According to tanker tracking agency Tankertrackers, satellite images released today show that the VLCC supertanker "DOWNY," owned by the National Iranian Tanker Company (NITC), was attacked. The vessel was currently empty of oil cargo and in a ballast-less state. This type of vessel is typically targeted by the US Central Command in retaliation for Iranian attacks on tankers passing through the Strait of Hormuz. Satellite images show frequent activity from multiple tugboats around the vessel, a finding corroborated by Automatic Identification System (AIS) data, with the activity beginning around 12:45 PM Beijing time today. This activity was concentrated on the port stern (lower left corner of the vessel), suggesting an attack on the engine room, most likely by a US Hellfire missile. No signs of fire or smoke were observed in thermal imaging.

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%.