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The China Earthquake Networks Center officially determined that a magnitude 3.1 earthquake occurred in Tongliang District, Chongqing (29.61 degrees north latitude, 106.07 degrees east longitude) at 11:53 on April 14, with a focal depth of 8 kilometers.DeepX, a South Korean AI chip startup, is preparing for an IPO in South Korea.On April 14th, the Shenzhen Intermediate Peoples Court of Guangdong Province held a public hearing from April 13th to 14th, 2026, for the case brought by the Shenzhen Municipal Peoples Procuratorate against Evergrande Group Co., Ltd. for illegally absorbing public deposits, fundraising fraud, illegally issuing loans, fraudulently issuing securities, illegally disclosing important information, and corporate bribery; Evergrande Real Estate Group Co., Ltd. for fraudulently issuing securities; and Xu Jiayin for illegally absorbing public deposits, fundraising fraud, illegally issuing loans, illegally using funds, fraudulently issuing securities, illegally disclosing important information, embezzlement, and corporate bribery. During the trial, the court presided over the investigation and debate between the prosecution and the defense regarding the facts alleged. The defendant companies and Xu Jiayin made final statements. Xu Jiayin pleaded guilty and expressed remorse in court. The court will announce its verdict at a later date.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.4 occurred near Tongliang District, Chongqing (29.59°N, 106.07°E) at 11:53 on April 14. The final result is subject to the official rapid report.The China Earthquake Networks Center officially determined that a magnitude 3.0 earthquake occurred at 11:37 on April 14 in Zizhong County, Neijiang City, Sichuan Province (29.66 degrees north latitude, 104.85 degrees east longitude), with a focal depth of 7 kilometers.

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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