usd/jpy back near 160, intervention risk creeping back in as the effect from japan's last intervention fades. also worth watching cause obon holiday means lower liquidity this week, which could make any move (real or intervention) more exaggerated than usual
meanwhile us cpi tomorrow is looking like the bigger catalyst honestly, hot print probably supports usd and adds more pressure on jpy, soft one and easing bets come right back
rba held at 4.35 today too, stayed cautiously hawkish, kept aud relatively supported going into cpi. gbp's just doing its usual weak august thing, though thats more seasonality noise than a real signal on its own
watching usd/jpy (160 + intervention), eur/usd (waiting on catalyst), gbp/usd (weak seasonality), aud/usd (rba vs cpi)
does cpi tomorrow actually give the dollar real direction or are we just staying range bound through it, curious what people think
meanwhile us cpi tomorrow is looking like the bigger catalyst honestly, hot print probably supports usd and adds more pressure on jpy, soft one and easing bets come right back
rba held at 4.35 today too, stayed cautiously hawkish, kept aud relatively supported going into cpi. gbp's just doing its usual weak august thing, though thats more seasonality noise than a real signal on its own
watching usd/jpy (160 + intervention), eur/usd (waiting on catalyst), gbp/usd (weak seasonality), aud/usd (rba vs cpi)
does cpi tomorrow actually give the dollar real direction or are we just staying range bound through it, curious what people think
