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According to Irans Fars News Agency, a spokesperson for the Iranian Revolutionary Guard stated that if Britain supports the United States in a war, it will become a clear and legitimate target.On July 26, when asked whether the Iranian Revolutionary Guard Corps initiated the war, a spokesperson stated that according to the agreement, passage through the Strait of Hormuz should be conducted in accordance with Iranian regulations. However, the United States, as expected, violated the agreement and announced an alternative passage route. Following this breach, the Revolutionary Guard Corps blocked the passage of vessels and struck those violating the rules. It was hoped that the United States would return to fulfilling its commitments, but this did not happen; instead, it attacked our coast, islands, and some radar facilities. Therefore, this new round of aggression once again originated from the United States. The Revolutionary Guard Corps attacks were intended to force the United States to fulfill its commitments, thus launching Operation Victory 2.July 26th - According to French LCI television news, Trump stated regarding Iran that if we cannot get 100% of what we want from Iran, we will absolutely consider resuming a full-scale war. When asked what he would like to say to European allies, Trump said they are lucky to have a friend like him.Ukrainian President Zelensky: Russian satellite monitoring shows that Moscow is assisting Tehran in its strike operations in the Middle East.The UK Foreign, Commonwealth and Development Office advises against traveling to any area within 10 kilometers of the Saudi border with Yemen; except where necessary, avoid areas between 10 and 80 kilometers from the Saudi border with Yemen.

Despite encouraging Japanese data, the EUR/JPY crosses above 142.00, with attention turning to German Retail Sales

Alina Haynes

Sep 30, 2022 11:03

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The Euro Japanese Yen currency pair has shown a meteoric surge after breaking above the 140.00 round figure. During today's Asian trading session, the asset has broken out to the north on a vertical basis, surpassing the nearby level of resistance at 142.00. There has been little selling pressure on the cross since the release of upbeat Japanese economic numbers.

 

The unemployment rate in Japan has remained below the 2.6% mark that was previously announced, in line with forecasts. The ratio of available jobs to applicants rose to 1.32 from 1.30 in forecasts and 1.29 in prior reports.

 

Meanwhile, the latest numbers for retail sales show a sharp increase to 4.1%, well above both the projected 2.8% and the prior result of 2.2%. Positive signs regarding retail demand in the Japanese economy have emerged as a result of the Bank of Japan's continuous monetary stimulus measures (BOJ). The Bank of Japan (BOJ) thinks that in order to restore the growth rate seen before the outbreak, artificial economic stimulants are required. The yearly fall in Industrial Production has reversed, and now stands at -2%.

 

As a result of European Central Bank President Christine Lagarde's hawkish views, the bulls of the shared currency are doing well (ECB). The ECB has already given very detailed recommendations, therefore it is expected that it will tighten its policies even further. At its upcoming monetary policy meeting, the European Central Bank (ECB) is expected to raise its interest rate by 125 basis points (bps).

 

Consumer confidence in the Eurozone has dropped to -28.8, which is in line with projections and the prior survey but still negative. Future attention will be paid to the German Retail Sales numbers. Compared to the previous report, which predicted a 2.6% annual loss, the current research predicts a 5.1% annual decline in economic data.


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