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USD/JPY Price Forecast: Likely to extend rally towards 164.00
The Japanese Yen (JPY) hovers near a multi-decade high at around 163.24 against the US Dollar (USD) during the early European trading session on Wednesday. The USD/JPY pair reflects significant strength as the Japanese currency underperforms due to surging Oil prices.
United Kingdom Retail Price Index (MoM) climbed from previous 0.2% to 0.3% in June
United Kingdom Retail Price Index (MoM) climbed from previous 0.2% to 0.3% in June
United Kingdom Retail Price Index (YoY) in line with forecasts (3%) in June
United Kingdom Retail Price Index (YoY) in line with forecasts (3%) in June
United Kingdom Producer Price Index - Output (MoM) n.s.a below expectations (0.4%) in June: Actual (0%)
United Kingdom Producer Price Index - Output (MoM) n.s.a below expectations (0.4%) in June: Actual (0%)
United Kingdom Core Consumer Price Index (YoY) came in at 2.6%, above forecasts (2.5%) in June
United Kingdom Core Consumer Price Index (YoY) came in at 2.6%, above forecasts (2.5%) in June
United Kingdom Consumer Price Index (MoM) in line with expectations (0.1%) in June
United Kingdom Consumer Price Index (MoM) in line with expectations (0.1%) in June
United Kingdom Consumer Price Index (YoY) came in at 2.6% below forecasts (2.7%) in June
United Kingdom Consumer Price Index (YoY) came in at 2.6% below forecasts (2.7%) in June
United Kingdom PPI Core Output (MoM) n.s.a dipped from previous 0.8%Â to 0.5% in June
United Kingdom PPI Core Output (MoM) n.s.a dipped from previous 0.8%Â to 0.5% in June
United Kingdom PPI Core Output (YoY) n.s.a increased to 2.6% in June from previous 2.3%
United Kingdom PPI Core Output (YoY) n.s.a increased to 2.6% in June from previous 2.3%
United Kingdom Producer Price Index - Output (YoY) n.s.a down to 3.5% in June from previous 4%
United Kingdom Producer Price Index - Output (YoY) n.s.a down to 3.5% in June from previous 4%
United Kingdom Producer Price Index - Input (MoM) n.s.a below forecasts (0.2%) in June: Actual (-2%)
United Kingdom Producer Price Index - Input (MoM) n.s.a below forecasts (0.2%) in June: Actual (-2%)
United Kingdom Producer Price Index - Input (YoY) n.s.a fell from previous 8.7% to 7.3% in June
United Kingdom Producer Price Index - Input (YoY) n.s.a fell from previous 8.7% to 7.3% in June
Indian Rupee falls back as oil prices rally further
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday after a slight relief the previous day. The USD/INR pair rises to near 96.53 as a fresh surge in oil prices due to intensifying fears of further global energy supply disruptions has weakened the Indian currency.