Market News 14/7
🇦🇺 Australian unemployment rate turned out to be lower than expected (3.5% actual vs. 3.8% forecast). AUDJPY gained 500 points.
🚀 USD/JPY has hit its highest level since September 1998. Now the pair is above the 138.50 level
🇨🇳 China’s digital yuan transactions hit 83 billion yuan in the first five months
🇯🇵 Tokyo’s government raised the Covid infection alert for the Japanese capital to its highest level amid a surge in new cases
🏦 Rumor has it that after the data on US CPI, which showed an inflation growth of 9.1% year on year, the Fed will raise the interest rate by 100 basis points at the end of this month
🇸🇬 In Singapore, the city-state’s currency strengthened due to an unexpected tightening of monetary rules, part of a global wave of moves to contain the cost of living
💶 The euro fell back to $1 after falling briefly below it on Wednesday
💸 Bitcoin surged above $20,000 despite crypto lender Celsius Network filing for bankruptcy
🔂 Don’t Miss: Reporting season is another test for the markets, launched Thursday in the US by JPMorgan Chase & Co. and Morgan Stanley
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