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Experts agree: Hawkish BoJ bets support Japanese Yen against US Dollar
The Japanese Yen (JPY) recovers strongly against its major currency peers on Wednesday after underperforming in the past few days. The US Dollar (USD) is down 0.25% against the Japanese currency at around 159.20 during the early European trading session.
United Kingdom Retail Price Index (MoM) climbed from previous 0.3% to 0.6% in July
United Kingdom Retail Price Index (MoM) climbed from previous 0.3% to 0.6% in July
United Kingdom Producer Price Index - Output (MoM) n.s.a meets forecasts (0.2%) in July
United Kingdom Producer Price Index - Output (MoM) n.s.a meets forecasts (0.2%) in July
United Kingdom PPI Core Output (YoY) n.s.a climbed from previous 2.6% to 2.8% in July
United Kingdom PPI Core Output (YoY) n.s.a climbed from previous 2.6% to 2.8% in July
United Kingdom Retail Price Index (YoY) meets forecasts (3.2%) in July
United Kingdom Retail Price Index (YoY) meets forecasts (3.2%) in July
United Kingdom Producer Price Index - Output (YoY) n.s.a below forecasts (3.2%) in July: Actual (3.1%)
United Kingdom Producer Price Index - Output (YoY) n.s.a below forecasts (3.2%) in July: Actual (3.1%)
United Kingdom Core Consumer Price Index (YoY) above expectations (2.5%) in July: Actual (2.6%)
United Kingdom Core Consumer Price Index (YoY) above expectations (2.5%) in July: Actual (2.6%)
United Kingdom Consumer Price Index (MoM) meets expectations (0.3%) in July
United Kingdom Consumer Price Index (MoM) meets expectations (0.3%) in July
United Kingdom PPI Core Output (MoM) n.s.a rose from previous 0.5%Â to 0.6% in July
United Kingdom PPI Core Output (MoM) n.s.a rose from previous 0.5%Â to 0.6% in July
United Kingdom Producer Price Index - Input (YoY) n.s.a below forecasts (6.6%) in July: Actual (4.9%)
United Kingdom Producer Price Index - Input (YoY) n.s.a below forecasts (6.6%) in July: Actual (4.9%)
United Kingdom Producer Price Index - Input (MoM) n.s.a below expectations (0%) in July: Actual (-1.7%)
United Kingdom Producer Price Index - Input (MoM) n.s.a below expectations (0%) in July: Actual (-1.7%)
United Kingdom Consumer Price Index (YoY) in line with expectations (2.9%) in July
United Kingdom Consumer Price Index (YoY) in line with expectations (2.9%) in July
USD/IDR Price Forecast: Trades near 17,850 after pulling back from moving averages
USD/IDR depreciates after registering modest gains in the previous day, trading around 17,870 during the Asian hours on Wednesday. The technical analysis of the daily chart suggests that the pair is remaining within the rectangle, indicating a consolidation phase.