The USDJPY pair tumbles below 158 mark amid lower than expected June CPI data, which weakened the US dollar; 10-year treasury yields are dropping now by almost 10 basic points below 4.2%. The US inflation data may signal more 'dovish' Fed next months with even 3 rate cuts possible (25% probability) this year according to Fed fund futures; September cut is priced in with almost 85% certainty after today US data. After the US dollar decline, USDJPY pair weakened and the scale of today sell-off may suggest even Bank of Japan intervention, with a good for Japanese yen 'timing' after US CPI data.
Source: xStation5
Economic Calendar: āļāļąāļāļāļēāļāļĨāļāļĢāļ°āļāļāļāļāļēāļĢ āļĒāļāļāļāđāļēāļāļĨāļĩāļāļŠāļŦāļĢāļąāļāļŊ āđāļĨāļ°āļāđāļāļĒāđāļāļĨāļ Fed āļāļīāļāļāļ§āļēāļĄāļŠāļāđāļāļāļąāļāļĨāļāļāļļāļ
āļāđāļ§āļ: ðŽð§ GBPUSD āļāļĢāļąāļāļāļąāļ§āļāļķāđāļ 0.1% āļŦāļĨāļąāļ GDP āļāļāļāļŠāļŦāļĢāļēāļāļāļēāļāļēāļāļąāļāļĢāļāļāļāļĄāļēāļāļĩāļāļ§āđāļēāļāļēāļ ð
Morning Wrap: āļāļĨāļēāļāđāļāđāļāļĩāļĒāļāļĢāļąāļāļāļąāļ§āļĨāļāļāļēāļĄāđāļĢāļāļāļēāļĒāļŦāļļāđāļāđāļāļĄāļīāļāļāļāļāļąāļāđāļāļāļĢāđāļŠāļŦāļĢāļąāļāļŊ āļāļąāļāļāļēāļāļĨāļāļĢāļ°āļāļāļāļāļēāļĢ TSMC
BREAKING: PPI āļŠāļŦāļĢāļąāļāļŊ āļĒāļ·āļāļĒāļąāļāđāļāļīāļāđāļāđāļāļāļ°āļĨāļāļāļąāļ§āļāļēāļĄāļāļīāļĻāļāļēāļ CPI
