$TRUMP #محضر_الفيدرالي #BitcoinHitsIntradayHigh$75500 #TreasuryBuybacksCouldExceed$4BPerIssue #ETHSurpasses$2300 $XAU The yen revives after high inflation data in Japan
The Japanese yen strengthened in European trading on Friday against a basket of major and minor currencies, recovering once again versus the US dollar, benefiting from losses in the US currency after US Treasury Secretary Scott Bessent hinted at the possibility of further interventions in the US bond market.
Today’s data released in Tokyo showed core inflation in Japan quickened during July, highlighting the growing inflation pressures on monetary policy makers at the Bank of Japan. This, in turn, increases the likelihood of a hike in Japanese interest rates in the coming September.
The Japanese yen strengthened in European trading on Friday against a basket of major and minor currencies, recovering once again versus the US dollar, benefiting from losses in the US currency after US Treasury Secretary Scott Bessent hinted at the possibility of further interventions in the US bond market.
Today’s data released in Tokyo showed core inflation in Japan quickened during July, highlighting the growing inflation pressures on monetary policy makers at the Bank of Japan. This, in turn, increases the likelihood of a hike in Japanese interest rates in the coming September.