$USDJPY is Breaking Upward Trend
Yesterday it collapsed to the support level 132.00 starting from the resistance 135.30 in one trading session.
Currently, economists are divided over whether the slowdown in US consumer price growth for July means the Federal Reserve could ease its aggressive program to raise US interest rates, making 75 basis points less specific. Labor Department data on Wednesday showed that the US Consumer Price Index rose 8.5% from a year earlier, cooling off June's 9.1% advance which was the largest in four decades.
Fed Chairman Jerome Powell told reporters after the July 27 decision that officials could raise rates by the same amount at the next meeting, depending on readings from the economy now and then. It will slow at some point in the future. Core inflation, excluding volatile food and energy, rose 0.3% from June and 5.9% from a year ago. While these numbers were better than expected, Fed officials are likely to be concerned about how far away they are from the 2% inflation target.On the daily chart below, the price of the USD/JPY currency pair is at the beginning of the phase ofThe direction may change completely in case it moves towards the 130.00 psychological support level.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
'Targets on us just got bigger': Illinois becomes US abortion epicenter after Roe's fallFor many Americans, Illinois is fast becoming the only place to legally access abortion after the Supreme Court overturned Roe v. Wade in June.
Consulte Mais informação »
Capitalism Is Making Us Sick and Sucking Us DryMedical bills are the number one cause of bankruptcy in the U.S. Such expenses might be forgivable if people were getting the best care in the world, but the U.S. has the lowest life expectancy and highest chronic disease burden of any wealthy nation.
Consulte Mais informação »
Hyundai And Kia May Need To Build More EVs In North America | CarscoopsHyundai and Kia could lose EV market share in the U.S. due to federal tax credit changes
Consulte Mais informação »
USD/JPY Price Analysis: Oscillates around 135.00 on a lack of catalystThe USD/JPY is almost flat amidst a calmed North American session ahead of July’s US inflation report, which could shed light on further Federal Reser
Consulte Mais informação »
US government ramps up effort to put in place 'too hot to work' rulesThis summer, US investigators made more heat-related inspections in three months than they carried out in the previous three years combined. Federal and state governments are also racing to beat the heat.
Consulte Mais informação »
US inflation slows from a 40-year peak but remains highFalling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June
Consulte Mais informação »