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March 1st - At approximately 8:00 AM local time today (March 1st), the Iranian Islamic Revolutionary Guard Corps issued its sixth statement. The statement indicated that the sixth wave of Operation "True Commitment 4" had commenced, with the Iranian Islamic Revolutionary Guard Corps launching large-scale missile and drone attacks against Israeli and US military bases in the region. The statement claimed that 27 US bases in the region, as well as the Israeli militarys headquarters in Hakiria and a large defense industrial park in Tel Aviv, were among the targets of the attacks.Royal Bank of Canada analyst Helima Croft: (Regarding the US-Iran conflict) The impact of todays military action on oil prices will depend on whether the Iranian Revolutionary Guard will yield to air strikes.March 1 (Xinhua) -- The Israel Defense Forces (IDF) have completed a new round of airstrikes against Iranian ballistic missile launchers and air defense systems. The IDF stated that on the night of March 28, dozens of fighter jets struck approximately 30 targets, including air defense systems, missile launchers, and other military installations.The Israel Defense Forces (IDF) recently detected a missile launched from Iran heading towards Israeli territory. Defense systems are operational to intercept the threat. In the past few minutes, the domestic frontline command has sent precautionary instructions to mobile phones in the affected areas. Upon receiving the alert, the public was instructed to move into protected areas and remain there until further notice.Iran launched a new wave of missiles at Israel.

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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