Japan's industrial output and retail sales beat forecasts in July
Japan's industrial output and retail sales beat forecasts in July, but manufacturers expect a September decline.
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Japan's industrial output and retail sales beat forecasts in July, but manufacturers expect a September decline.
ASB expects RBNZ to hike 25bp on Wednesday and signal at least one more hike, with OCR peak near 3.3%.
Bessent presses G20 on China's $1.2 trillion surplus, keeps tariff truce on $30 billion in goods.
Bessent says yen moves contained, backs Ueda, and sees no new intervention. He expects BOJ to set its own pace on rates.
ECB's Isabel Schnabel argued at Jackson Hole that the euro should be issued on a blockchain, and stablecoins cannot replace central bank money for settlement.
NZIER's Shadow Board reports a majority recommending a 25bp OCR hike to 2.75% on Wednesday, but several members prefer holding at 2.50%.
Oil rose around 2% after US forces struck Iranian targets near the Strait of Hormuz and Iran retaliated with missile fire.
Japan's yen fell to 160.16 per dollar despite ¥15.4 trillion support. A stronger yen may unwind carry trades, potentially hurting Bitcoin.
Iran launched missiles from four provinces, including anti-ship cruise missiles aimed at the Strait of Hormuz, after a reported US strike on Larak Island.
Following hawkish remarks from Fed Chairman Kevin Warsh at Jackson Hole, implied probability of a September rate hike rose to 58%, pressuring equities.