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June 21 - According to Iranian sources, Iranian Foreign Minister Araqchi met with Swiss Foreign Minister Cassis at Bilgensberg in Switzerland on the same day. The report stated that this was the first official event for the Iranian delegation in Switzerland.June 21 – According to the Islamic Republic News Agency (IRNA), Iranian Foreign Ministry spokesman Bagaei stated that the one-day Bilgence Summit in Switzerland will include a joint meeting of Iran, the United States, Qatar, and Pakistan in the afternoon. Todays meeting is a follow-up on the implementation of the memorandum of understanding reached with the United States. The United States failure to secure a ceasefire in Lebanon will be a central issue at the Swiss meeting. Other topics will also be discussed, including waivers for Iranian oil sales and the unfreezing of frozen Iranian assets.According to the Islamic Republic News Agency (IRNA), a spokesperson for the Iranian Foreign Ministry said that the meeting will also discuss other issues, including waivers for Iranian oil sales and the unfreezing of frozen Iranian assets.According to Japans Kyodo News, Japanese Prime Minister Sanae Takaichis cabinet approval rating has dropped to 55.8%, the lowest since she took office.On June 21st, British Business Secretary Peter Keill stated on Sunday that he had no reason to believe Prime Minister Starmer planned to announce his resignation on Monday. Keill said he had a "frank" conversation with Starmer on Friday. Keill noted that the Prime Minister repeatedly inquired about the state of the country, but never mentioned his own interests. Previously, the British newspaper *The Observer* reported that Starmer was expected to resign on Monday and announce his departure timetable. However, a government source indicated that Starmer remains focused on continuing to fulfill his governing duties.

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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