EUR/USD 1.16654
-0.110%
Gold 4670.02
1.151%
Oil 84.598
-1.961%
USD/JPY 159.186
0.120%
GBP/USD 1.36341
-0.092%
GBP/JPY 217.041
0.029%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Saudi Arabias national shipping company, Bahri, has confirmed that the oil tanker "Amzan" is involved in the Red Sea incident. They are maintaining contact with the vessel and continuing to monitor the situation.On August 24, the Trump administration unveiled a proposed regulation on Monday that would include an unprecedented fee for H-1B visas. This fee would impose a charge exceeding $100,000 on H-1B visas for highly skilled foreign workers. Trump first proposed the fee last year, but it has been blocked by the courts. Trump first implemented the fee last year through a temporary presidential proclamation, significantly increasing the cost of applying for H-1B visas, which are heavily relied upon by industries such as technology, education, and research. A U.S. federal judge ruled in June that the fee was illegal and blocked the Trump administration from imposing it. Trumps proclamation imposing the H-1B visa fee, issued in 2025, will expire in September, one year after its issuance, but he has directed the Department of Homeland Security to develop regulations to make it permanent. The Department of Homeland Securitys proposed $103,265 fee was published in the Federal Register on Monday and will be formally released on Tuesday, with a 30-day public comment period. The rule is expected to be finalized by the end of the year.European Council President Costa: Russia must allow Ukrainian food to be shipped to other parts of the world.British Prime Minister Burnham: France and Britain will provide missile technology to Ukraine.European Council President Costa: The EU is accelerating the disbursement of support loans to Ukraine to support air defense and energy infrastructure.

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