From Investing.com:

– The dollar is trading cautiously ahead of US inflation numbers, recording gains against the yen and pound. Market participants are waiting for CPI data to assess potential Fed rate cuts as forecasts show underlying price pressures slowing.
– The yen retreats after BoJ Governor Ueda and Finance Minister Suzuki express concerns about the Japanese economy despite reports of possible rate hikes. Traders still have a high probability of a BoJ hike next week despite the slight pullback in the yen.
– The pound weakens after poor UK employment data, but BoE rate cut expectations remain. Analysts still anticipate a rate cut in August while attributing the pound’s retreat to reduced risk appetite.
– The S&P 500 and Nasdaq slide as traders remain cautious ahead of inflation data. Meanwhile, Bitcoin hits a new record high fueled by FOMO and anticipation of supply tightening after April’s halving.



Read more at Investing.com: Investors lock gaze on US inflation data