USD/JPY followed through with further gains during the session here today, rising to near 133.90. As I post its come back from that area but is still
USD/JPY
followed through with further gains during the session here today,
rising to near 133.90. As I post its come back from that area but is
still higher on the session circa 133.30.
There
were mixed results elsewhere across the majors. EUR/USD has gained a
few points while AUD/USD is close to unchanged on the session after
losing ground to lows under 0.6900 early and then rebounding. NZD/USD
has lost points after the disappointing data on jobs (Q2 data was
released today). The jobs data disappointment was offset by wage
gains though, which will keep the RBNZ on the boil for further policy
tightening to come (the next meeting is August 17).
USD/CAD
rose early but has since retraced to be net a touch lower on the day
(i.e. CAD a little stronger).
Geopolitics
featured prominently, with US House Speaker Pelosi continuing her
visit to Taiwan. There were further measures announced in China’s
economic
intimidation campaign against
the nation, most notably a halt to natural sand exports to Taiwan.
This will impact on semiconductor manufacture. There are alternative
sources, of course, but it’s a hiccup nonetheless.
News
of another crypto theft, this time in the order of at least USD5mn,
crossed the news wires (see bullets above).
NZD on the disappointing jobs numbers:
www.forexlive.com