Inflation

Goldman Sachs’ Oppenheimer says high rates will cap global risk assets from now

BOJ will intervene if USD/JPY threatens break of 150: "intervention ... the last option"

Economic calendar in Asia - Australian monthly inflation data

Dallas Fed Texas June service sector outlook survey -8.2 vs -17.3 prior

• The latest survey from the Dallas Fed for June 2023

Putin: The organizers of the rebellion must know they will be brought to justice

• Putin comments in speech billed as 'transformative'

Cracks have appeared in the Japanese yield curve control dam

• The market may be underestimating the flood that's coming

Dallas Fed June manufacturing survey -23.2 vs -29.1 prior

• Texas-area manufacturing survey

Prigozhin to leave for Belarus, case against him to be dropped

• Deal for Prigozhin appears to include exile

MUFG trade of the week: Staying long EUR/USD and long AUD/NZD

• MUFG continues to bet on the euro and Australian dollar

USDJPY continues its run to the upside. 100 hour MA was a key support base this week.

• USDJPY break higher yesterday above target levels and opened the door for more upside probing

Weekly Market Recap (19-23 June)

• Not much on the data front but a lot of central bank speakers.

US June flash S&P Global services PMI 54.1 vs 54.0 expected

• The manufacturing and services flash surveys from S&P Global

Fed's Daly: Risks over overtightening and undertightening are 'about balanced'

• Comments from the San Francisco Fed President

EURUSD drops amid lower yields and growth concerns; CBs respond to inflation pressures

• The EURUSD tumbles lower but sees a bounce in early US trading

The USD is the strongest and the AUD is the weakest as the North American session begins

• The EUR is also lower after weaker PMI flash data releases