NY foreign exchange market = yen falls against the dollar, pay attention to market stabilization rice indicators
August 13, 2024 6:17 AM GMT+9 (some excerpts)
While the market regained stability in the New York foreign exchange market, yen depreciated against the dollar. A series of economic indicators to be announced this week are attracting attention in an attempt to determine the direction of the monetary policy of the US Federal Reserve (FRB).
Last week, the market fluctuated greatly, with large-scale sales in the stock market against the backdrop of concerns about the US economy, etc., but revisions were made to the view that an economic recession was imminent because the number of US unemployment insurance claims announced on the 8th decreased more than expected, and the market regained calm as the FRB's drastic interest rate cut observations receded.
The dollar/yen rose 0.33% to 147.10 yen.
In the United States, the July Wholesale Price Index (PPI) will be announced on the 13th and the July Consumer Price Index (CPI) will be announced on the 14th this week.
Last week, the market fluctuated greatly, with large-scale sales in the stock market against the backdrop of concerns about the US economy, etc., but revisions were made to the view that an economic recession was imminent because the number of US unemployment insurance claims announced on the 8th decreased more than expected, and the market regained calm as the FRB's drastic interest rate cut observations receded.
The dollar/yen rose 0.33% to 147.10 yen.
In the United States, the July Wholesale Price Index (PPI) will be announced on the 13th and the July Consumer Price Index (CPI) will be announced on the 14th this week.
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