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Key Highlights USD/JPY extended gains and traded above 161.50. A key bullish trend line is forming with support at 161.20 on the 4-hour chart. Bitcoin declined sharply to a new multi-week low below $60,000. EUR/USD Read more…
Tokyo inflation accelerated across all major measures in June, pointing to gradually strengthening underlying price pressures ahead of next month’s Bank of Japan policy meeting. Core CPI, which excludes fresh food, rose from 1.3% yoy Read more…
Chicago Federal Reserve President Austan Goolsbee said inflation remains the Federal Reserve’s primary concern, warning that underlying price pressures continue to move in the wrong direction despite some recent improvement. Speaking in a CNBC interview Read more…