US recap: Yen in focus as reports spur hike talk
Yen may be at risk of being sold on the rate hike fact
AUD/USD-Shorts hold the advantage ahead of ADP, Fed meeting
July 30 (Reuters) -The dollar index was steady to lower on Tuesday as losses against the yen offset gains versus other currencies following reports that appeared to heighten the risk that the BoJ could increase interest rates this week.
Jiji news agency reported that the BoJ is considering raising short-term interest rates to around 0.25% from the current 0-0.1% at its two-day policy meeting that ends on Wednesday. Nikkei ran a similar report and said that Japan's finance ministry and cabinet office are expected to accept a rate hike if the BoJ goes that route.
Public broadcaster NHK also reported that the BOJ would consider raising interest rates, with many board members of the view that inflation is accelerating in line with their forecast.
Meanwhile, with the market discounting a hold-steady decision from the Fed on Wednesday, the question is whether the U.S. central bank sends signals about the September meeting or awaits more data and utilizes subsequent opportunities to telegraph future moves, such as the Aug. 24-26 Jackson Hole symposium.
U.S. JOLTS job openings data came in above forecast, with an upward revision to the previous month, while Conference Board consumer confidence also surpassed expectations, though with a downward revision.
Japan's new top currency diplomat, Atsushi Mimura, told Reuters that his country will retain its basic approach on the yen with intervention remaining an option to tackle excessively volatile moves in the exchange rate.
An Israeli air strike targeted a senior Hezbollah commander in Beirut's southern suburbs late on Tuesday in what the Israeli military said was retaliation for a cross-border rocket attack three days before that killed 12 children and teenagers.
U.S. Treasury yields were down about 3bp across maturities in New York afternoon trade.
The S&P 500 fell 0.64% and the Nasdaq slid 1.17% as chip and megacap shares took a hit ahead of Big Tech earnings, while strength in financial stocks kept the Dow afloat.
WTI was nursing losses of 1.16% after touching a 1-1/2-month low on worries about weaker demand from China and concerns OPEC+ could boost supplies in the future.
Copper dredged another four-month low on concerns about demand in top consumer China before rebounding 0.22% into positive territory on the day.
Gold rallied 0.92% as investors remained optimistic that the Fed could drop clues about lowering interest rates in September at the end of this week's policy meeting.
Heading toward the close: EUR/USD -0.08%, USD/JPY -0.38%, GBP/USD -0.22%, AUD/USD -0.15%, GBP/JPY -0.72%, EUR/JPY -0.49%, AUD/JPY -0.34%.
For more click on FXBUZ
(Burton Frierson)
</body></html>Mga Kaugnay na Asset
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.
