EUR/USD
1.13889
0.108%
Gold
4041.74
-0.187%
Oil
89.253
-2.005%
USD/JPY
163.748
-0.065%
GBP/USD
1.33284
0.112%
GBP/JPY
218.255
0.062%
Real-time News
According to Futures News on July 24, as of 15:00 Beijing time, spot platinum fell 0.62% and spot palladium fell 1.52%.July 24th - Ko Nakayama, an economist at Okazo Securities, stated that the upside risks to Japans inflation outlook remain high, given the recent depreciation of the yen and the increased cost pressures from rising oil prices. He added that current price increases stem from multiple factors – not only rising oil and naphtha prices, but also wage increases, a weaker yen, and increased raw material and logistics costs. Government data released earlier on Friday showed a modest rebound in consumer inflation in June. Bank of Japan policymakers previously stated that they expect the impact of soaring oil prices to begin to be reflected in consumer prices around the summer.July 24th - The yield on Japans 40-year government bonds rose 10 basis points to 4.010% intraday, while the yield on 5-year bonds also reached its highest level since 2000, as investors remained unconvinced that the Bank of Japan would quickly tighten monetary policy to curb inflation. These gains mirrored the performance of US Treasuries, as rising oil prices boosted market expectations of a Federal Reserve rate hike. Ataru Okumura, chief interest rate strategist at SMBC Nikko Securities, stated, "The markets focus is on the Bank of Japans slow response to rising oil prices, which has prompted investors to demand higher premiums to hold long-term bonds due to concerns about relatively high inflation risks in Japan. Yields are likely to continue rising as concerns about fiscal expansion intensify ahead of the governments finalization of the consumption tax cut plan in early August."The British government stated regarding the latest US tariffs that the US has recognized the measures taken by the UK on the issue of forced labor.The UK government stated that the latest US tariffs have not negatively impacted the tariff rates faced by UK businesses.
