China hits Canadian canola with 75.8% tariffs, Australia may gain but cant fill supply gapNomura now sees Fed starting rate cuts in September, with more in December and MarchPBOC official: Will increase credit issuance to service consumption sectorICYMI - Cathie Wood: Ethereum is emerging as the institutional blockchainUS, China to hold trade talks within 3 months; tariffs stay until fentanyl progress seenStronger Q2 housing finance Australia: Investor & owner-occupier lending turn positiveE3 warns it may trigger Iran sanctions snapback if no nuclear talks progress by end-AugustAustralian data - Q2 2025 Wage Price Index 0.8% q/q (expected 0.8%)PBOC sets USD/ CNY mid-point today at 7.1350 (vs. estimate at 7.1759)No stopping ETH, back to US$4600+Japan's wholesale inflation has slowed down for the fourth month in a rowJapan's two benchmark stock indexes, Niklkei and Topix, both hit a new record high todayJapan data - July PPI +0.2% m/m (expected +0.2%) & +2.6% y/y (expected +2.5%)3 things could end stock rally, Morgan Stanley: cooling jobs, narrow earning, stagflationJapan Reuters Tankan - Manufacturing index +9 in August vs. +7 in JulyNew Zealand Electronic Card Retail Sales July 2025 +0.2% m/m (vs. prior +0.5%)Rabobank sees sterling gains fading, forecasts EUR/GBP at 0.87 near term, 0.88 in 6 monthsUBS: 100bps of Fed rate cuts, start in September despite price pressures lasting into 2026Goldman Sachs says US CPI backs view for Fed "insurance" September rate cutHong Kong's central bank FX market intervention yet againinvestingLive Americas FX news wrap 12 Aug: CPI rise does not scare the market.Fed's Barkin spoke to Wall Street Journal - says inflation won't be as high as you thinkOil: private survey of inventory shows a headline crude oil build vs. draw expectedNASDAQ and S&P at highs and at record levelsBessent says the Federal Reserve should think about a 0.5% interest rate cut in September
The US dollar recovered only marginally after its post-CPI sell-off, with USD/JPY the main driver, climbing back above 148.10 at one point. The local move appeared tied to further weakness in Japan’s PPI, which fell year-on-year for a fourth straight month.
In Australia, Q2 wage growth slightly beat forecasts, with wages up 3.4% y/y versus 3.3% expected and matching Q1’s pace. The result, above the RBA’s projection, could fuel concerns over lingering inflation pressures and temper expectations for deeper rate cuts, even as quarterly wage growth eased to 0.8% from 0.9%.
Equities largely tracked Wall Street’s gains, though Australia underperformed.
Australia (S&P/ASX 200) -0.4% Hong Kong (Hang Seng) +1.9% Japan (Nikkei 225) +1.5% Shanghai Composite +0.6% This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about investinglive asia pacific fx news wrap usd jpy back above 148 00 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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