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The UKs June Nationwide House Price Index will be released in ten minutes.July 1st - According to statistics from the Hengqin Border Inspection Station of the Zhuhai Border Inspection General Station, in the first half of 2026, the total number of passengers entering and leaving the country through the Hengqin Port exceeded 17.77 million, a year-on-year increase of 27.8%; the number of vehicles entering and leaving the country reached 2.21 million, a year-on-year increase of 40.6%. Among them, 1.46 million vehicles had Macao license plates, accounting for 66.2% of the total number of vehicles. The ports passenger and vehicle traffic increased simultaneously, and the vitality of two-way exchanges between Hengqin and Macao continued to be released.On July 1st, Jun Mimura, Japans top foreign exchange official, stated that Japans intervention in the foreign exchange market two months prior to support the yen was successful and received support from some U.S. officials. He said, "Judging from the subsequent market performance, I believe that intervention was clearly meaningful. To my knowledge, the U.S. never commented against our actions; on the contrary, they actually made some more supportive statements." Mimuras remarks came as the yen fell to a 40-year low against the dollar, posing a greater risk of inflation for Japan. Japan is a major energy importer, and food imports account for more than half of its economy. He emphasized frequent communication with Washington, stating, "Through phone calls and emails, I contact them much more frequently than people imagine."Japans household consumer confidence index for June was 33.8, below the expected 34.1 and the previous reading of 33.6.Japans top foreign exchange official: To the best of my knowledge, the United States has never made any comments opposing our actions; on the contrary, the U.S. has actually made some more supportive statements.

Before the US NFP, the USD/JPY is likely to decrease to roughly 132.00

Alina Haynes

Aug 05, 2022 14:49

截屏2022-08-05 上午9.50.18.png 

 

The difficulties that the USD/JPY pair met around 133.00 during the Asian session are now in full force. As investors predict a disappointing result from the US Nonfarm Payrolls (NFP) data, the asset has printed a low of 132.77 and is projected to decrease further to about 132.00.

 

JP Morgan experts projected that the US Nonfarm Payrolls (NFP) will be poorer than expected at 200K in the July labor market statistics, compared to the consensus expectation of 250k jobs gained in the month. The US economy produced 372k new jobs in the labor market in June. The labor market is under great pressure as a result of data showing a continued fall in job creation. The unemployment rate, though, will be constant at 3.6 percent.

 

Increased labor market dangers are a result of rising interest rates and their compounding impacts. Due to pricey dollars, business players are unable to invest without reluctance. Low investment possibilities cannot thus speed the process of creating jobs.

 

Despite the Federal Reserve (Fed) policymakers' enhanced interest rate ambitions, the US dollar index (DXY) has thrown up the support of 106.00. According to Cleveland Fed President Loretta J. Mester, ending the policy tightening program without detecting a decline in the inflation rate for several months is not conceivable at interest rates above 4 percent .

 

Tokyo's entire household expenditure has dramatically climbed from the previous report of -0.5 percent and the predictions of 1.5 percent to 3.5 percent. As an inflation indicator, the economic data may aid the yen bulls. The economic data have greatly improved, which means that the inflation rate may climb much further. The findings may, however, be largely impacted by growing energy expenditures. However, a hike in the labor cost index is shortly to come in order to keep the inflation rate over 2 percent.


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