EUR/USD 1.14753
0.159%
Gold 4155.53
-1.272%
Oil 76.425
1.330%
USD/JPY 161.286
-0.058%
GBP/USD 1.32328
0.217%
GBP/JPY 213.428
0.168%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Iranian Revolutionary Guard: Irans international standing and prestige have been enhanced in this war. The rights of the Iranian people and the resistance must be consolidated.Iranian Revolutionary Guard: Iranian armed forces have severely damaged the most advanced technological equipment in the United States.The Iranian Foreign Ministry stated that negotiations are progressing through mediators, and an announcement will be made when the conditions for initiating talks are met.June 20 – According to the Iranian Students News Agency, the deputy head of international affairs at the Iranian Judicial Centers Lawyers Center stated: "Those claiming that Iran is not qualified to levy service fees on the Straits typically cite the 1982 United Nations Convention on the Law of the Sea (UNCLOS). However, Iran is not a member state of UNCLOS and therefore is not bound by the transit regime stipulated in the Convention. In international maritime law, charging fees for actual and clearly defined services is a recognized legal practice. Iran can charge fees for the services it provides, provided that the fees are consideration for the services provided and not simply taxes or tolls."June 20th - Several European countries have recently experienced high temperatures. The French meteorological service announced on the 19th that starting from the 20th, the number of provinces under an orange heatwave warning will increase to 60, representing approximately two-thirds of all French provinces.

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