EUR/USD 1.14755
-0.091%
Gold 4349.32
-0.622%
Oil 93.531
-2.030%
USD/JPY 157.175
0.286%
GBP/USD 1.33782
-0.114%
GBP/JPY 210.279
0.171%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 21 – At the invitation of US President Donald Trump, Chinese President Xi Jinping will pay a state visit to the United States from September 23 to 25. This marks President Xis first visit to the US in three years and his first state visit in eleven years. It will also be the first time the Chinese and US heads of state have exchanged visits within six months, making it a significant event that has attracted global attention. President Xi has previously stated that the China-US relationship is the most important bilateral relationship in the world today, and it can only be improved, not damaged. Cooperation benefits both countries, while confrontation harms both; they should be partners, not adversaries.On September 21st, a fire broke out at a factory in Changxing Industrial Park, Junan Town, Shunde District, Guangdong Province at 15:12 on September 20th. Upon receiving the report, firefighters rushed to the scene. The fire was quickly brought under control at 15:45 and extinguished at 16:10. The building where the fire occurred was a two-story brick-concrete structure, used for denim washing and other production processes. The fire affected an area of approximately 200 square meters and did not spread to other areas. 63 people were rescued and evacuated from the scene and surrounding areas. As of now, the search and rescue operation has concluded. The fire has resulted in 8 deaths and 1 injury. The injured person is currently receiving treatment in the hospital and is in stable condition. The cause of the accident is under investigation.Türkiyes BIST-100 index fell 2.2%, and the major banks index fell 0.9%.Ukrainian President Volodymyr Zelensky: Last night, Russia launched a vicious and deliberate attack on Zaporizhia. A nine-story residential building, a university facility, a shopping mall, and a boiler room were damaged. Five people have been reported injured, and some residents have been evacuated. Overall, Russia attacked 10 of our districts last night and throughout the night.EU High Representative for Foreign Affairs and Security Policy Karas: I have proposed measures against those who assisted in organizing this “sham election” in the occupied territories of Ukraine.

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