The video will show the key levels in play for each of these currency pairs bias perspective with a look at the targets and risk defining levels.
BOJ policymaker Naoki Tamura (hawk) noted that upside risks to Japan’s inflation outlook are increasing, with price growth accelerating more than he had anticipated back in May. While uncertainty surrounding US tariffs is beginning to clear, Tamura cautioned that the economic outlook remains difficult to predict. He emphasized that the Bank of Japan may need to act decisively if inflationary pressures intensify significantly, potentially even considering a rate hike. However, Tamura tempered his hawkish tone, clarifying that he does not currently see a need for an imminent rate increase. He stated that any future policy move would depend on how tariffs evolve and their impact on the broader economy, with no fixed timeline for the next rate hike.
The crude oil inventory data was released late yesterday and showed:
Gasoline: ↑ 764,000 barrels
Cushing: ↓ 75,000 barrels
Crude oil -0.797MGasoline: +0.381MDistillates +0.410M
The price of crude oil is currently trading up $0.25 or 0.37% at $64.61. The past two days have seen a sharp point near $11 on decreased tension in the Middle East, and the expectations for higher supplies going forward.
Dow industrial average is up 29 pointsS&P index is up 12.57 pointsNASDAQ index up 84 points
in the US debt market, yields are modestly higher after recent declines:
2 year yield 3.803%, +1.9 basis points5-year yield 3.874%, +1.8 basis points10 -year yield 4.314%, +2.1 basis points30 year yield 4.854%, +2.3 basis points This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( The EURUSD and GBPUSD failed after making new highs yesterday but the declines are modest )
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