EUR/USD 1.13871
0.094%
Gold 4063.72
0.811%
Oil 67.816
-0.309%
USD/JPY 162.397
-0.113%
GBP/USD 1.32878
0.102%
GBP/JPY 215.795
0.001%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 2nd - According to the New York Times, citing two aides to the Iraqi prime minister, the United States has resumed airlifting US dollar cash to Iraq. This followed a suspension of dollar airlifts to Iraq in several months, intended to pressure the Iraqi government to distance itself from Iran. In April, the Trump administration cut off dollar inflows to Iraqs cash-based economy, withholding revenue from oil sales.The yield on Japans 40-year government bonds rose 4.5 basis points to 3.840%.July 2nd - Omdias latest report, "VR, AR, XR Near Eye Displays—2026 Analysis," predicts that after a significant decline in 2025, the global near-eye display market will recover and grow in 2026, reaching a market size of $675 million, a year-on-year increase of 12%. The report projects global near-eye display shipments to reach 14.53 million units in 2026, a year-on-year increase of 16%. The rapid expansion of the AR glasses market will partially offset the impact of the continued weakness in the VR market, thereby driving the overall recovery of the near-eye display market.On July 2nd, Leapmotor (09863.HK) announced that its Chairman Zhu Jiangming and shareholder Fu Liquan recently purchased a total of 4.8142 million H shares of the company, at an average price of HK$35.86 per share. In the past six months, Chairman Zhu Jiangming and shareholder Fu Liquan have collectively increased their holdings by approximately HK$900 million.The Russian Ministry of Defense stated that Russia launched strikes against airports in Dnipropetrovsk and Poltava, 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