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It
was a session empty of fresh news and data.
About
the only thing we got was Federal Reserve Bank of San Francisco
President Mary Daly speaking. Daly was in line with other Fed
officials’ comments, saying inflation is getting closer to target
and rate cuts are not too far off. She wasn’t specific on a timeline, unsurprisingly.
USD/JPY
gained ground, grinding up above 158.60. We have had Japan’s
chief cabinet secretary Hayashi with
some verbal intervention, but with little effect.
Now
it looks like we await the US retail sales data for June.
This article was written by Eamonn Sheridan at www.forexlive.com.
