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On August 16th, the Indiana Emergency Operations Center and state officials announced on August 15th that several days of severe storms and flooding had resulted in at least six deaths in the state. Over the past week, continuous torrential rains caused water levels to rise in several rivers across the state, forcing the evacuation of hundreds of residents. Indianapolis Mayor Joe Hogsett stated that the city is experiencing its worst flooding in over 30 years. More than a dozen counties in Indiana have declared a local disaster state. Emergency responders are currently conducting rescue and relief operations, and the National Guard is also involved. Earlier this week, severe storms struck the Midwestern United States, triggering tornadoes, torrential rains, and flash floods. In addition to Indiana, affected states included Illinois, Kentucky, and Ohio, causing power outages for nearly one million customers at one point.On August 16th, according to a report by the U.S. military newspaper Stars and Stripes on the 14th, the U.S. Navy recently discovered an unidentified drone at its largest base in Italy and implemented base-wide security measures. The report stated that the small drone was discovered on the 13th at a support point at the U.S. naval base, prompting security forces to take precautionary measures. Before and after the drones discovery, the U.S. naval base issued a brief shelter-in-place order at a location approximately 13 miles (21 kilometers) from the incident site. It is currently unclear whether this shelter-in-place order was related to the drone discovery, or whether a similar order was issued at the support point.August 16th - At 12:10 PM Beijing time on August 16, 2026, my country successfully launched 24 low-Earth orbit satellites for its satellite internet service using a Long March-12 carrier rocket from the Hainan Commercial Space Launch Site. The satellites successfully entered their predetermined orbits, and the launch mission was a complete success.According to the Jerusalem Post: The Israel Defense Forces killed senior Hezbollah commander Abu Hassan Alaa in a weekend attack on the Deir Zahrani region in southern Lebanon.August 16th - The 2026 Wenchang International Aerospace Forum will be held in Wenchang, Hainan from August 24th to 26th, showcasing the latest achievements of Hainans aerospace industry. The forum aims to seize the new opportunities presented by the industrialization of reusable rockets, gather global aerospace resources, and help strengthen the rocket, satellite, and data chains, as well as the "aerospace+" industry, building a comprehensive and multi-layered aerospace industry ecosystem. Hainan will fully promote the implementation of key projects, accelerate the formation of high-density, high-reliability, and low-cost commercial launch capabilities, and efficiently support the "hundreds of rockets, thousands of satellites" mission.

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%.