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Japan has committed $7 billion to develop the Nacala Logistics Corridor, a project expected to boost Sovereign Metals’ (ASX: SVM) (LON: SVML) Kasiya rutile-graphite project in Malawi. The Ministry of Foreign Affairs, working with the African Development Bank, will direct funds toward capacity expansion, refurbishment and resilience upgrades across Malawi, Zambia and Mozambique. The program, called Strengthening Global Supply Chain through Nacala Corridor Development, is designed to secure critical mineral supply chains, improve transport reliability and ease congestion. Kasiya, which already has access to Japanese titanium markets, stands to benefit directly. The investment was unveiled at the ninth Tokyo International Conference on African Development in Yokohama from August 20 to 22. It includes $5.5 billion through the Enhanced Private Sector Assistance for Africa program, which channels development funding via the African Development Bank. A further $1.5 billion will come through Japan’s development agency to support private sector projects, including mining and infrastructure. “We will launch a new region-wide co-creation for common agenda initiative that promotes logistics in the Nacala Corridor, which contributes to strengthening mineral resource supply,”Prime Minister Shigeru Ishiba said in his keynote address. Shares in the miner jumped on the news and were trading in London 1.5% higher at 33.5p each by mid-afternoon. That leaves the company with a market capitalization of A$427 million ($283m). Certified quality Japan’s Toho Titanium confirmed in June that rutile from Kasiya meets the standards required for high-performance titanium production. The certification strengthened Japan’s critical minerals strategy and validates Kasiya’s global potential. Kasiya project on the Nacala Corridor. (Image courtesy of Sovereign Metals.) Sovereign Metals chief executive Frank Eagar said Japan’s support reinforces the project’s economics and its role in global supply chains. “The initiative demonstrates the highest level of government backing for the corridor that underpins our project economics, while Japan’s focus on securing critical mineral supply chains aligns perfectly with Kasiya’s world-class rutile and graphite resources,” he said. The Nacala Corridor serves as the preferred transportation route for Sovereign’s forthcoming Definitive Feasibility Study for Kasiya. It offers direct access to the deep-water port of Nacala, cutting transport costs and improving market reach. Sovereign plans to build a six-kilometre rail spur to connect its processing plant to the corridor and is negotiating with regional logistics providers to ensure efficient shipment of rutile and graphite to international markets.

Indices close mixed ahead of inflation dataUS stock indices closed mixed. The S&P 500 and the Nasdaq 100 posted gains, while the Dow Jones declined. Investors are awaiting inflation data, which will be released today. If actual figures deviate from forecasts, market volatility may increase further. Follow the link for more details. Optimistic Oracle report supports market growthOracle shares rose by 36% on the back of an optimistic report, pushing the S&P 500 to its 23rd record. Easing inflationary pressure strengthened expectations of Fed monetary policy easing. Experts note that strong results in the technology sector were the main driver of positive sentiment. Follow the link for more details. Larry Ellison tops Musk as richest personLarry Ellison became the world's richest person, overtaking Elon Musk, as Oracle shares surged and producer prices fell. The upcoming Fed meeting may address the possibility of rate cuts amid weak inflation. Analysts believe that Oracle's position in cloud technology and artificial intelligenc supports the further strengthening of its market capitalization. Follow the link for more details. Let us remind you that InstaForex offers the best conditions for trading stocks, indices, and derivatives, helping traders earn effectively on market fluctuations. The material has been provided by InstaForex Company - www.instaforex.com

Pump.fun is synonymous with meme coin trading on Solana. Therefore, when Pump crypto was first unleashed, many expected PUMP USD to fly right off the bat. While it did, PUMP/USDT didn’t sustain the momentum, only to pull back to what can only be said to be worrying levels. Fast-forward a few weeks after PUMP crypto hit the market, and confidence is high across the board that the token priming the popular meme coin launch pad is ready to breach all-time highs. The latest data from Coingecko shows that the PUMP token is trending and has been among the top gainers in the last 24 hours. (Source: Coingecko) Because of the turnaround of the past few trading days from late August, PUMP is up 60% in the last month of trading, pushing the biweekly gain to 80%. Meanwhile, because of the rapid extension of the PUMP price on September 10, PUMP crypto is up a decent 40% in the past 24 hours. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Is PUMP USD Ready To Rip Higher? Is $0.01 Incoming From the PUMP15 ▲% daily chart, PUMP crypto buyers are firmly in control. In the short to medium term, the path of least resistance is northwards. Technically, PUMP crypto broke above the consolidation from mid-August to early September when PUMP USD surged on September 4. PricePUMP1524h7d30d1yAll time The close above $0.004 was pivotal, and set the ball rolling for PUMP/USDT, whose bulls are now targeting July 2025 highs of around $0.007. If PUMP bulls are to close above this resistance level, the leg-up must be done with rising volume. And this appears to be what traders are preparing for. On Coinglass, the skew among top traders and accounts, especially on Binance, the world’s largest crypto exchange, is bullish. (Source: Coinglass) Top traders on Binance are overwhelmingly bullish, and the long/short ratio is 2.16. Meanwhile, among general PUMP accounts on the futures platform, the long/short ratio is 1.65, meaning most traders are bullish and expect the PUMP/USDT uptrend to continue. On X, one trader thinks that, though there are risks of downsides after the push higher on September 10, the probability of a deep correction is low. On the flip side, however, there is a high chance of PUMP USD racing to July highs and retesting $0.007. (Source: TetherTendies, X) Once $0.007 is conquered, another analyst said PUMP/USDT will easily soar to $0.01, a psychological level. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now What Will Drive PUMP Crypto To $0.01? If PUMP crypto breaks above $0.007 in the coming days, the path to $0.01 will position the meme coin among the most valuable not only in Solana but in crypto. It is also highly likely that PUMP USD will break into the top 10, displacing the likes of TRON crypto and Cardano (ADA). If Bitcoin crypto recovers, some of the best altcoins, including Solana, will edge higher. Rising SOL USD prices will trigger speculation, and like in the last meme coin boom of 2024, speculators will flow, minting and trading all sorts of meme coins. Going by recent trends, most of these meme coins will be minted on Pump.fun. In recent weeks, competitors, mainly LetsBonk, have been losing share to the first meme coin launchpad on Solana. The more tokens are minted, the higher the revenue; thus, the more PUMP the team will buy back from the market. (Source: Dune Analytics) Since the start of the PUMP buyback program in July, over $85M worth of PUMP has been scooped from the secondary market. Pump.fun spends 98-100% of the platform revenue to actively buy back PUMP from the open market, stabilizing the token and creating upside pressure. (Source: Pump.fun fees) Any meme coin hype, as seen in 2024 in Q4 2025, will only funnel more capital to Pump.fun, and the team will continue buying more PUMP. In the expected supercycle, it won’t be surprising for PUMP USD to soar to as high as $0.01. DISCOVER: 20+ Next Crypto to Explode in 2025 Is PUMP Crypto Ready To Rip? PUMP USD Eyes $0.01 PUMP crypto breaks above key resistance Traders targeting July 2025 highs Will PUMP USD rally to $0.01 Pump.fun buyback program driving demand The post Is PUMP Crypto Ready To Rip? PUMP USD Eyes $0.01 As Meme Coin Bulls Bid Up appeared first on 99Bitcoins.

The pound continues to struggle to find direction against the dollar. The pair is trading between the middle and upper lines of the Bollinger Bands on the D1 timeframe, that is, within the 1.3490–1.3580 range. Buyers continue to test the upper limits near 1.36, while sellers attempt to secure the price below 1.3500. However, as soon as the price approaches either boundary of the channel, traders lock in profits and the pair returns to prior levels. Breaking out of this "vicious circle" will require a major trading catalyst to tip the balance in favor of either GBP/USD bulls or bears. That is why traders are now focused on the US CPI (to be published at the start of the US session on Thursday) and UK GDP (set for release on Friday). These releases could bring strong volatility—but only if the outcomes are divergent, for example, if US CPI favors the dollar but UK GDP falls short. Of course, the opposite scenario is possible as well. According to preliminary forecasts, the UK economy will show a flat reading: the July GDP is expected to print at 0.0% m/m, compared to a 0.4% increase in June. On a quarterly basis, the British economy is expected to show weak growth of just 0.1% (down from 0.3% the previous month). Other release components may also disappoint GBP/USD bulls. For example, industrial production and manufacturing output are both forecast to print at 0.0% m/m. The services sector activity index is expected to be at 0.3%, continuing its fourth consecutive monthly decline (for comparison, in March it was 0.7%). If these indicators meet forecasts or fall into negative territory, the pound will come under pressure. However, in my view, such an outcome is unlikely to become a medium/long-term "anchor" for GBP, as other macro indicators (which we'll discuss below) suggest a wait-and-see approach, and soft results are already partly priced in. On the other hand, if the UK economy delivers even a minimal upside surprise, the pound could gain and GBP/USD buyers could test resistance at 1.3580 (the upper Bollinger Band on D1). Recent data show UK inflation rising and retail sales growing. The headline CPI m/m rose 0.1% (forecast: -0.1%). Year-on-year, headline CPI jumped to 3.8% (forecast: 3.7%), the highest since January 2024—a second straight month of gains. Core CPI also accelerated to 3.8% y/y (forecast: 3.7%), with this level last seen in April 2024. The retail price index accelerated to 4.8% (forecast: 4.6%), its strongest pace since February 2024. Services inflation also rose, reaching 5.0%. Subsequent UK retail sales data also beat forecasts. Including fuel, sales rose 0.6% m/m (forecast: 0.2%) and 1.1% y/y (forecast: 1.3%). Excluding fuel, sales increased by 0.5% m/m (forecast: 0.4%) and 1.3% y/y (forecast: 1.2%). If UK GDP beats expectations, it would harmoniously complement this favorable macro backdrop. It is worth noting that most market analysts expect the Bank of England to keep rates unchanged through at least September and October. Prospects are less certain; for instance, Deutsche Bank allows for a rate cut in December. If the British economy shows relatively good results, dovish expectations will weaken further, and the pound will gain strength. Technically, GBP/USD is between the mid and upper Bollinger Bands and above all Ichimoku lines (including the Kumo cloud). This setup favors longs, but, as mentioned, the 1.3580 upper Bollinger Band (D1) is a resistance "ceiling". So, as price approaches this level, caution is warranted—even if the macro setup would otherwise support further gains. The material has been provided by InstaForex Company - www.instaforex.com

Overview: The US dollar enjoys a firmer today ahead of the CPI and ECB meeting outcome. After falling to a new low for the year against the Chinese yuan earlier today, it has recovered and is higher on the day. The market is pricing in almost a 10% chance of a 50 bp cut next week, but a rise in the headline CPI, the fourth in a row, can see this re-assessed, which could help the greenback extend its recovery. There is little doubt about the outcome of the ECB meeting. It will stand pat while updating its macroeconomic forecasts. The dollar is enjoying a firmer tone against the emerging market currencies too. The new French prime minister is talking with the various parties before appointing ministers, but the French 10-year premium over Germany has narrowed slightly more today and French stocks are outperforming the German DAX. European benchmark 10-year yields are mostly slightly firmer but for France and Italy today. Remember, Fitch is set to announce the results of its credit review of France late tomorrow (currently AA- with a negative outlook). The 10-year US Treasury yield fell to a five-month low yesterday, slightly above 4.02% and is now 4.04%-4.05%. Equities are mostly firmer today. The Nikkei is at a new record high, and China's CSI 300 surged 2.3%, the biggest gain since mid-March, with AI-related shares in high-demand by retail investors. Only Hong Kong and Australia among the large bourses failed to gain today. The Stoxx 600 in Europe is firmer, recovering from yesterday's minor loss, and US index futures are firmer. Gold is heavy. The record high was set Tuesday, almost $3675 and has been sold through yesterday's low (~$3620). Initial support may be around $3600. Yesterday's geopolitical tensions in the Middle East and Eastern Europe helped lift October WTI for the third consecutive session, but the lack of further development has seen it steady today. It is little changed around $63.50. USD: The Dollar Index traded choppily yesterday in a roughly 97.60-95 range and is edging up to fray the 98.00 level in late European morning activity ahead of the CPI report. A move above 98.25 lifts the technical tone. Yesterday's session low was recorded around two hours after the PPI report, but it recovered and settled little changed on the day. Yesterday's PPI was softer than expected, falling 0.1% last month at the headline and core levels, and July's 0.9% gain was trimmed to 0.7%. Today's CPI is more important in terms of policy and implications for the PCE deflator. A 0.3% increase in the headline CPI would lift the year-over-year rate to 2.9%, the highest since January. But, due to the base effect, a 0.3% rise in the core rate would leave the year-over-year rate unchanged at 3.1%. When the Fed cut rates by 50 bp in September 2024, headline CPI had been falling for several months. It peaked in March 2024 at 3.5% and fell to 2.5% in August. EURO: The euro recorded the session low yesterday around the time of the first new reports of Poland shooting down Russian drones in its airspace, slightly below $1.1685. Poland invoked Article 4 of the NATO treaty, which entails consultation. The high was recorded near $1.1730 toward the end of its session. Despite the nearly half-cent range, it was not a trending session, and the euro settled little changed on the day. It is pinned near yesterday's low and has spent little time above $1.1700. It is slipping through yesterday's low in Europe. A break of $1.1650 weaken the near-term technical outlook. The ECB meets today, but there is practically no chance of a change in policy. Nor should President Lagarde be expected to provide much in the way of forward guidance. She may be asked about the widening of the French premium, but she will likely explain that the ECB has the means to address it if necessary to ensure the transmission of monetary policy. The ECB's staff will update its forecasts from June. Then it had GDP growing 0.9% this year, 1.1% next year, and 1.3% in 2027. Given 0,6% growth in Q1 and 0.1% in Q2, the 0.9% forecast for this year means faint growth impulse in the second half of this year. Its CPI forecast in June was for 2.0% this year, 1.6% next, and 2.0% in 2027. CNY: The dollar's low against the offshore yuan was recorded yesterday around an hour before the euro's low, slightly below CNH7.1140. It recovered in the European morning to almost CNH7.12, which was extended ahead of the US PPI to around CNH7.1225. The soft PPI and broader dollar selling saw pull back to CNH7.1150. The year's low was set on Tuesday near CNH7.1135. It has forged a three-day base around there and is near CNH7.1235-40 in late European morning turnover. On the other hand, the dollar recorded the low for the year yesterday against the onshore yuan, slightly below CNY7.12, even though yesterday's dollar fix (CNY7.1062) was above Tuesday's low fix for the year (CNY7.1008). The greenback recorded a marginal new low for the year today near CNY7.1175. Today, the PBOC set the dollar's reference rate at CNY7.1034 today. JPY: Outside of a flurry of activity after the US PPI, the dollar flatlined against the yen yesterday and was mostly confined to a tight JPY147.25-45 range most of the North American session. The dollar came back bid today and is pushing toward JPY148 in the European morning. If US yields firm after the CPI, the greenback can rise toward JPY148.50. Japan reported 0.2% slippage in producer prices last month, but it still equates with an increase in the year-over-year rate to 2.7% from 2.5%. It did not impact expectations for the Bank of Japan. It meets next on September 18-19, and there is also little chance of a hike. When everything is said and done, the swaps market has 15.5 bp of tightening discounted by the end of the year. It was almost 17 bp at the end of August and 18 bp at the end of July. GBP: Sterling peaked yesterday after the US PPI near $1.3565. It retried it toward the end of the European session and when it held, it appeared some late longs took profits. Sterling fell to around $1.3530. It settled a little below Monday's close (~$1.3545), which matched the highest close since August 15. The losses were extended to a little through $1.3500 today and a break of the $1.3490 area could spur losses toward $1.3460. The UK reports July GDP tomorrow. It is expected to be flat after 0.4% growth in June (and -0.1% contractions in April and May). Industrial output and services look flat, and a smaller trade deficit may offset the impact of weak construction. The Bank of England meets next week, and like the ECB today, there is practically no chance of a change in policy. CAD: The US dollar has been gradually edging higher against the Canadian dollar. It recorded a new high for the month yesterday near CAD1.3865 and extended it to CAD1.3890 today. It has the makings for the fourth consecutive session of higher lows and higher highs. It is off a little more than 1% this month. The next technical target is the CAD1.3925 area, but there may be potential toward CAD1.40 in the near-term. AUD: We have noted the strong correlation between changes in the Australian dollar and Canadian dollar. The 30-day inverse correlation of the exchange rates was hovering near the year's low (-0.85) for the last few weeks. It has weakened to around -0.75, which has not been seen since late July. The Australian dollar reached a new high for the year yesterday near $0.6635. Although it remained firm, it settled a little below the previous high for the year, recorded July 24 near $0.6625. Still, it was the third session in the past four that it gained more than 0.50%. It is consolidating with a heavier tone today. It may take a break of $0.6580 to boost the odds that a near-term top is in place. MXN: The dollar fell to a 2 1/2 week low against the Mexican peso yesterday near MXN18.5660. It posted the lowest settlement in a month. The low for the year was seen on August 13 around MXN18.51. The greenback is firmer today and near the five-day moving average (~MXN18.6475), which it has not closed above this week. A few Latam currencies did even better, including the Brazilian real, Chilean peso, and Peruvian sol, which were the three best emerging market currencies. Mexico reports July industrial production figures today, and the median in Bloomberg's survey projects a 0.2% decline after a 0.1% decline in June. We already know that auto production, which is about a fifth of overall industrial output, fell by about 14.3% (which looks largely seasonal, and it rose by a little more than 13% last month. Disclaimer

Bitcoin climbed past $114,000 this week, pushing markets higher after a surprisingly weak reading on producer prices. According to reports, the move followed a pullback in US PPI that many traders read as a sign the Federal Reserve may be able to start cutting rates. The jump was quick and loud on price charts. It caught the attention of both retail traders and bigger money. Cooling Inflation Spurs Rate Cut Bets According to published data, US Producer Price Index (PPI) fell to about 2.6% year-on-year, while core PPI — which strips out food and energy — came in near 2.8%. On a monthly basis, PPI showed a drop, one of the first such moves since March 2024. Based on reports, those weaker numbers fed hopes that the Fed could ease policy sooner rather than later, and markets reacted accordingly. Bitcoin’s Rally And Broader Crypto Moves Bitcoin hit roughly $113,850 on some exchanges before trading above $114,000, and Ethereum climbed past $4,400 as part of the same upswing. Reports have disclosed that institutional flows and stablecoin liquidity helped lift prices, and that investor positioning shifted toward risk assets after the data. Traders were watching support around $112,500-$113,000 and resistance near $115,000-$115,500 as the session progressed. Momentum was strong, but some caution remained. Bitcoin’s Technical Levels And Flows Market technicians pointed to clear levels. If support near $112,500 breaks, it could open the way to a short pullback. If $115,500 is cleared, buyers may push for higher ranges. At the same time, some on-chain indicators showed rising transfers into exchanges, a sign that profit taking could be ahead. Reports have disclosed that both demand and supply signals will be watched closely by desks and algorithmic funds. What Could Slow This Move While PPI cooled, other data could change the picture. Consumer inflation and jobs figures are still to be watched, and those reports can keep the Fed on guard. Rate cuts are now being priced in by some traders, perhaps as soon as September, but that outcome is not guaranteed. If consumer prices re-accelerate or job strength stays high, easing could be delayed and markets may retrace gains. What Investors Should Watch Next According to market commentators, the key near-term items are the upcoming CPI release, monthly jobs data, and Fed commentary. Also important are flows into spot products and the dollar’s direction — a firmer dollar would likely pressure risky assets. Traders will also keep an eye on how quickly liquidity moves from stablecoins into BTC and ETH, and whether profit-taking appears at the big technical thresholds already mentioned. Featured image from Meta, chart from TradingView

South Korea is lifting crypto restrictions for venture companies on September 16, giving them easier access to financing avenues and tax breaks. According to the Ministry of SMEs and Startups (MSS), the measure comes in response to the growing global trust in the crypto sphere, combined with advancements in the user protection department. The decision comes seven years after the country restricted crypto in October 2018, amidst concerns about speculation influencing the market and the lack of proper investor security. The shift marks a long-awaited move that could bring South Korea at the forefront of crypto adoption, which could rally projects like Pepenode ($PEPENODE). South Korea Is With Both Feet Into the Crypto Ecosystem South Korea is making swift progress in the crypto industry, with the Korean crypto market expected to reach $1.1B in 2025 and $1.3B in 2026, according to Statista. The only thing holding the country back was the strict regulatory space, which decreased investor participation and hindered progress. With that out of the way, South Korea will likely experience rapid progress in the crypto sphere. The signs are already there. Despite the strong regulatory embargo, over 16M people, or almost 32% of the country’s population, had accounts at the most popular domestic exchanges: Gopax, Korbit, Coinone, Bithumb, and Upbit. The biggest push happened in November of last year, shortly after Trump’s election win, when the number of crypto users jumped by 600,000 to 15.6M. Collectively, they hold over 102.6T Won or $70.3B in crypto. The experts project the number to get to 20M, especially now, with the South Korean regulatory entity loosening the grip on the market. The influx of new investors will likely impact global markets as well. Bitcoin is already above $114K, while investors like Strategy and BitMine ramp up their crypto hoarding, slowly becoming the most influential names in the crypto space. Strategy is the leader in the Bitcoinsphere, owning 638,460 $BTC, while BitMine is the primary Ethereum hoarder with over 2.069M $ETH. The increase in institutional crypto adoption, combined with large players like South Korea joining the market, creates a strong foundation for a global crypto economy. In this new ecosystem, projects like Pepenode ($PEPENODE) will thrive. How Pepenode’s $1M Presale Turns Crypto Mining Interactive and Engaging Pepenode’s ($PEPENODE) presale is nearing $1M in less than a month after its start, benefitting from growing investor support. But why? The reason is Pepenode’s approach to coin mining and how it turns the activity interactive and engaging during the presale itself. Pepenode lets you buy and upgrade nodes to create your own virtual mining facility. Through this, you can mine meme coins without having to worry about high electricity costs or having to upgrade your rig. To clarify, you’re not actually earning coins from the mining process; this is just an interactive activity that keeps investors busy and engaged. That being said, becoming a Pepenode miner does come with benefits like staking rewards and bonuses, especially post-TGE. The mining gameplay also encourages early participation, since early nodes earn you the highest rewards. The presale is closing in on its first milestone of $1M thanks to the raw investor hype and support and is likely to push way higher in the coming months. If you’re considering joining the project, do it now while $PEPENODE is still at $0.0010533, because the more the presale grows, the more expensive the token gets. Plus, you have a staking APY of 1,400%, which rewards early investments the most. You can buy your $PEPENODE tokens on the official presale page right now. Will South Korea Trigger the New Alt Season? It’s very likely that South Korea’s regulatory shift will mark the beginning of the alt season. All pieces are in place for that. Bitcoin is pushing to its psychological threshold of $115K, Strategy stays true to its Bitcoin accumulation tactic, and investor confidence is sky-high. South Korea’s move could be just what the market needed to start pumping. So, keep Pepenode ($PEPENODE) on your radar, have a solid investment strategy in place, and watch Bitcoin. Breaking the $115K ceiling could trigger a sustained rally to $128K and beyond. This isn’t financial advice. Do your own research and invest wisely. Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/south-korea-lifts-venture-company-crypto-restrictions-as-pepenode-soars

The euro is virtually unchanged on Thursday, trading at 1.1692 in the European session. ECB expected to maintain rates The European Central Bank meets later on Thursday and the money markets have priced in a hold at close to 100%, which would keep the key deposit rate at 2.0%. The ECB has cut rates by more than half since last July but has hinted that there is no rush to continue lowering rates. Has inflation in the eurozone become too much of a good thing? Inflation is under control, but there is now a risk of inflation undershooting the 2% target, which would put pressure on the ECB to respond by reducing rates. There are differing opinions within the ECB with regard to the impact of the US tariffs. The hawks,, who are against more rate cuts argue that the economy has weathered the tariffs well. The doves, who favor more cuts, are concerned that the tariffs are yet to be fully felt and could dampen growth. The money markets are in agreement with the hawks and don't anticipate another rate cut this year. All eyes on US CPI The US releases the August inflation report later on Thursday. CPI is expected to rise to 2.7% y/y from 2.9% y/y in July. Monthly, the market estimate is 0.3%, compared to 0.2% in July. Core CPI is expected to remain unchanged at 3.1% y/y and 0.3% m/m. The core rate is well above the Federal Reserve's 2% target but that isn't expected to stop the Fed from lowering rates next week for the first time since December 2024. Although a rate cut has been fully priced in, we could see downward pressure on the US dollar if the Fed cuts, especially if the Fed's tone at the meeting is dovish. The US economy is showing signs of cooling, especially the labor market. The August nonfarm payrolls fell to 22 thousand and annual revisions for the year prior to March 2025 were revised downwards by a massive 911 thousand, much more than expected. The weak nonfarm payrolls report has raised the odds of a half-point cut to 10%, with a 90% chance of a quarter-point reduction. EUR/USD Technical EURUSD tested resistance at 1.1703 earlier. Above, there is resistance at 1.1722. 1.1674 and 1.1655 are providing support EURUSD 1-Day Chart, September 11, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Crypto feels electric today, especially with the bullish reports from major news outlets. Bitcoin has blasted past $114,000, and the mood across the market is very much about to go euphoric after a slight pump after weeks of flatlines. PriceBTC24h7d30d1yAll time Ethereum is playing chase, pushing over $4,400, while Solana, XRP, and ADA are seeing real gains. This surge is riding on softer PPI data that have people whispering “rate cuts soon.” Bitcoin dominance just need to slips under 52% as it means altcoin season are about to get real. Total crypto market cap is now back north of $4 trillion, and news today is all about how that shift is reshaping the space. (source – Total crypto MC, CoinGecko) DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Crypto News Today: What’s Driving the Move & Who’s Winning BTC ▲% is trading above $114,000, up about 2.6% in the past day. What’s interesting is the number of big holders, or whales, who are stacking over 1,000 BTC each. If Bitcoin keeps a foothold above $113,000, many believe $116,500 is the next stop. Some resistance might pop up near $118,000, though, especially with seasonal patterns that tend to clip rallies in short bursts. (source – BTC distribution, bitinfocharts) The inflows from ETFs are steady, and that gives confidence. In short, most crypto news today sees Bitcoin is laying the foundation for a full blown bullrun soon. ETH ▲% is not far behind. Above $4,4K, it’s rising steadily. Upgrades are reducing fees, which are pacing DeFi adoption, and ETF flow numbers are hard to ignore as billions poured in just in July. With current momentum, Ethereum might test $5,000 if Bitcoin stays bullish, with longer goals toward $9,000 by early 2026, we hope. (source – ETH/USD, TradingView) On the altcoins market, SOL ▲% is up by 8% this week, trading above $220, getting loved by both institutions and degens. XXRP ▲% is pushing past $3, helped by legal wins and ETF optimism. ADA ▲% is at $0.89, riding the sentiment. Combined, altcoins are making themself heard as Bitcoin dominance drops, opening room for another altcoins legs. (source – BTC.D – TradingView) Crypto is about to shifts power, interest, opportunity, and the next few weeks could see altcoins giving the biggest gains. Follow us on our crypto news updates today on this page. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 16 minutes ago Meme Coin Traders Brace as Dogecoin ETF Launches Today: Best Crypto to Buy Now? By Akiyama Felix Dogecoin’s big day has arrived, and traders are discussing whether it could be the best crypto to buy now. With its first-ever ETF debuting, DOGE hype is hitting fresh highs. Investors should expect higher volatility today as institutional money flows into DOGE. Later on, this could spark some secondary beta play, which can affect other dog coins, but let’s see what we have in mind. PriceDOGE24h7d30d1yAll time DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Read the original post here. The post Latest Crypto News Today, September 11: Bitcoin Above $114K, Ethereum Blasting $4,4K, Solana, XRP, and ADA To Lead Crypto Altcoin Season appeared first on 99Bitcoins.

The pair is consolidating above the 1.1685 support level as the market awaits US inflation data and the outcome of next week's FOMC monetary policy meeting. Unlike the Federal Reserve, which is expected to lower interest rates, today the European Central Bank is anticipated to keep its rates and all monetary policy parameters unchanged. If today's US CPI report does not show inflation rising above the consensus forecast, the pair could receive support and continue its upward movement. From a technical point of view, the pair is above the support level of 1.1685. Technical View and Trade Idea: The price is below the middle line of the Bollinger Bands, below the 5-SMA, and 14-SMA.RSI is moving sideways below the 50% level.Stochastics are declining, but still above the oversold zone.If dollar-negative news emerges, the pair may bounce off the 1.1685 support and head toward 1.1780. The 1.1710 level can serve as a buy entry point. The material has been provided by InstaForex Company - www.instaforex.com

Global markets are tense, awaiting the release of the US consumer inflation report, which is especially intriguing ahead of next week's FOMC rate decision—especially after yesterday's producer inflation figures. Let's start with the producer inflation (PPI) data, which came in unusually low. The Producer Price Index fell year-over-year to 2.6%, versus a consensus forecast of 3.3%. Notably, the previous value was revised down from 3.3% to 3.1%. Recall that in August, a sharp jump in PPI shocked the market and reduced expectations that the Fed would cut rates this month. Now, with the CPI report imminent, the PPI numbers advise caution in interpreting these inflation measures. Now to today's consumer inflation data, which, as usual for a consumer-driven and service-based US economy, plays a much bigger role than the PPI. Today's CPI report is expected to show an increase both month-over-month (from 0.2% to 0.3%) and year-over-year (from 2.7% to 2.9%). The likely driver is the gradual increase in retail prices as companies react to Trump's higher import tariffs, as well as higher gasoline and food prices in supermarkets. At the same time, rents are expected to decrease. Core CPI (excluding food and energy) is forecast to remain at 3.1%, the same as last month and at its February peak. The monthly reading should maintain last July's rate of 0.3%. How might the markets react to the CPI report? If the data aligns with consensus, it is unlikely to significantly impact expectations for a rate cut next week. But if the numbers rise, or conversely fall—even modestly—big moves are possible. Scenario: CPI Above Forecast If CPI is higher than forecast, stocks are likely to see a local corrective dip, since the probability of a 0.50% rate cut drops (currently, fed funds futures price this at 8%). Still, a 0.25% cut is fully priced in and virtually certain. Scenario: CPI Below Forecast If inflation unexpectedly drops, the likelihood of a 0.50% cut will jump—the likely market reaction: strong demand for stocks, cryptocurrencies, and commodity assets—including gold. The dollar will come under pressure, and the ICE dollar index will fall to 96.70. Overall, I judge the near-term outlook to be moderately positive for risk assets and negative for the dollar. Forecast of the Day: #SPXThe S&P 500 CFD is trading below resistance at 6547.00 ahead of the US CPI report. If inflation doesn't come in above expectations or even falls, expect continued growth to 6600.00. The 6553.00 level could serve as a buying point. LitecoinThe cryptocurrency is trading below resistance at 117.60 ahead of the CPI. A break above this level on the back of dollar-negative news could drive LTC up to 123.40. The 118.10 level can be used as a buying point. The material has been provided by InstaForex Company - www.instaforex.com

Wall Street Hits Fresh Highs The S&P 500 and Nasdaq closed at record levels on Wednesday, driven by a powerful surge in Oracle shares and cooler-than-expected US inflation data. Investors interpreted this as a strong signal that the Federal Reserve is likely to cut interest rates next week. Oracle's Breakthrough Oracle stock skyrocketed more than 36 percent in a single session, marking its biggest daily jump since 1992. The rally came after the company reported a sharp increase in demand for its cloud services, particularly from businesses developing artificial intelligence solutions. Oracle's market value reached 922 billion dollars, surpassing Eli Lilly, JPMorgan Chase, and Walmart, and moving closer to Tesla's 1.12 trillion. AI Boom Fuels Chipmakers The AI momentum also lifted semiconductor stocks. Nvidia rose nearly 4 percent, Broadcom surged 10 percent, and AMD added about 2.5 percent. The PHLX semiconductor index gained 2.3 percent, setting a fresh record. Power Suppliers Join the Rally Energy companies supplying data centers were also among the winners. Shares of Constellation Energy, Vistra, and GE Vernova advanced more than 6 percent each. Apple Faces Pressure Not all tech giants benefited from the rally. Apple shares slid more than 3 percent, marking their fourth consecutive decline. Many investors remain unconvinced about Apple's ability to catch up in the race for AI dominance. Rate cut bets gain momentum Producer price data in the United States came in softer than expected, giving markets fresh momentum. Traders are increasingly confident that the Federal Reserve is preparing to launch interest rate cuts in the near future. Labor market cools Recent employment figures reinforced the view that the US labor market is slowing. This has strengthened expectations that the Fed will take a more accommodative stance on monetary policy. Fed meeting outlook Market participants are almost unanimous: a rate cut of at least 25 basis points is expected at next week's policy meeting. According to CME FedWatch, the likelihood of a larger move — a 50 basis point cut — stands at about 10 percent. Mixed performance across indexes The S&P 500 gained 0.30 percent to close at 6532.04, marking a second consecutive record high. The Nasdaq added 0.03 percent, finishing at 21,886.06 and notching its third straight record close. In contrast, the Dow Jones Industrial Average slipped 0.48 percent to 45,490.92. Sector losses weigh on the market Out of 11 S&P 500 sectors, six ended the session lower. Consumer discretionary stocks led the decline with a drop of 1.58 percent, followed by consumer staples, which fell just over 1 percent. Inflation data in focus Attention now turns to the upcoming consumer price index report, scheduled for release on Thursday. Investors hope it will provide clearer guidance on the trajectory of inflation in the US. Banks lift forecasts Both Barclays and Deutsche Bank raised their year-end targets for the S&P 500, citing stronger corporate earnings, solid US economic growth, and sustained optimism around artificial intelligence. Synopsys shares plunge Synopsys stock collapsed by 36 percent, marking the steepest one-day decline in the company's history. The drop followed weaker-than-expected quarterly revenue results that disappointed Wall Street. Shares of rival Cadence Design Systems also slipped, losing 6.4 percent. Europe adopts cautious stance European equities edged higher on Thursday as investors awaited the European Central Bank's policy decision and a key US inflation report due later in the day. STOXX 600 posts slight gain By 07:11 GMT, the pan-European STOXX 600 index was up 0.1 percent, closing in on 553.03 points. Personal and household goods stocks led the way with a 0.5 percent advance. Boost from fashion sector The sector found support in Kering shares, which rose 1.5 percent. The Gucci owner announced it would postpone a full acquisition of Italian fashion house Valentino until at least 2028. The delay of the costly deal eased concerns over the group's debt burden. ECB decision in spotlight The market's main focus remains the European Central Bank's rate announcement, expected at 12:15 GMT. Covestro rallies on ADNOC developments Shares of Covestro jumped 6.3 percent following reports that Abu Dhabi's state-owned oil major ADNOC is taking steps to resolve a dispute linked to the European Union's subsidy investigation. The probe is tied to ADNOC's 14.7 billion euro, or 17.19 billion US dollar, bid to acquire the German chemicals group. Inflation data in focus As the session progresses, investor attention is set to turn to US consumer inflation figures. Economists anticipate price growth in August, but analysts believe this is unlikely to derail the long-awaited interest rate cut by the Federal Reserve expected next week. The material has been provided by InstaForex Company - www.instaforex.com

The Avalanche Foundation is in advanced talks to set up two US digital asset treasury vehicles to raise roughly $1 billion that would purchase millions of AVAX directly from the foundation at a discount, according to the Financial Times. Avalanche Foundation’s $1 Billion Buy Plan One vehicle, led by Hivemind Capital, would seek up to $500 million via a Nasdaq-listed company with Anthony Scaramucci advising; a second, sponsored by Dragonfly Capital, would be a $500 million SPAC. People familiar said the deals could close within weeks; Hivemind confirmed it was working on a deal, while the foundation declined to comment. Currently, AVAX has a 720 million max supply with about 420 million in circulation. Digital-asset treasury companies—public or listed vehicles that raise capital to hold crypto on balance sheet—have proliferated this year and helped drive new demand across tokens. In parallel to Avalanche’s effort, Hong Kong’s HashKey Group this week unveiled a $500 million fund dedicated to DAT strategies, underscoring institutional interest in standardized structures for accumulating digital assets. Market plumbing is tightening at the same time. Nasdaq has moved to increase scrutiny of companies that issue stock primarily to buy crypto, a shift that has already pressured several “crypto treasury” names and could slow timelines for some new formations. The exchange is seeking enhanced disclosures and in some cases shareholder votes for such capital raises. Scaramucci’s presence in the Avalanche orbit predates today’s development. On August 19, SkyBridge Capital said it would tokenize $300 million of hedge fund assets on Avalanche in partnership with Tokeny and Apex Group. “Tokenizing our funds on Avalanche … represents a significant step forward in modernizing the alternative investment landscape,” Scaramucci said at the time. Avalanche has also courted traditional finance through tokenization pilots and money-market-style products. VanEck, working with Securitize, launched a tokenized US Treasury fund whose tokens exist on Avalanche alongside other chains, part of a broader push positioning the network for capital-markets use cases referenced in the FT report. Dragonfly’s involvement tracks with prior Avalanche financing. In December 2024 the foundation raised $250 million via a locked token sale led by Galaxy Digital, Dragonfly and ParaFi, providing a precedent for large, structured AVAX transactions backed by major crypto investors. Will It Impact AVAX Price? If completed as described by the FT, the two US vehicles would initially acquire discounted AVAX held by the foundation, with the first deal targeted to wrap by month-end and the SPAC later. Due to the transactions being executed off-exchange directly with the Foundation, they will not mechanically move spot order books at execution. However, the signaling of $1 billion in structured demand can still influence price indirectly via positioning and liquidity—tightening effective float if tokens are locked or staked, or capping rallies if discounted inventory is later hedged or distributed—so the net effect hinges on lockups, retention, and on-chain demand growth. At press time, AVAX traded at $28.72.

The crypto market is heating up as Bitcoin surged past $114,000. Traders are now wondering what the next crypto to explode could be, as altcoins also post impressive gains. Solana (SOL) climbed above $220, BNB hit a fresh all-time high, while Ethereum (ETH) is holding strong around $4,400. PriceBTC24h7d30d1yAll time Meanwhile, today marks a major milestone for Ethereum’s ecosystem: the long-awaited Linea airdrop is finally live. Linea, developed by Ethereum software firm Consensys, is launching its native LINEA token in one of the most anticipated events in years. Unlike other layer-2s, Linea will use ETH as its gas token while introducing a buyback-and-burn mechanism for LINEA, creating potential scarcity over time. EXPLORE: LINEA Crypto Launching TODAY: Find Out If You Are Eligible For The Airdrop With over $1.3 billion in total value locked (TVL), Linea has already climbed to the 11th largest blockchain network in under two years. Backers describe it as the most “Ethereum-aligned” L2, with plans to reward ETH stakers and fuel adoption through a 54 billion token ecosystem fund. Early users and campaign participants can now begin claiming their tokens, with a 90-day window to do so. DISCOVER: + Best High-Risk, High-Reward Crypto to Buy in 2025 Altcoin Season Is Here: Which Is the Next Crypto to Explode? The rally across majors suggests that altcoin season may be underway. Solana’s rise above $220 highlights renewed investor interest also for solana meme coins, while BNB’s new ATH signals strong demand for exchange tokens. With ETH steady at $4,400, many are now betting that newer projects like Linea could draw capital inflows and spark the next wave of growth. PriceBNB24h7d30d1yAll time Whether Bitcoin continues to lead or Ethereum layer-2s steal the spotlight, momentum is back in the market. Traders are already searching for the next crypto to explode. 9 minutes ago Avalanche Foundation Seeks $1B for AVAX Buyback via Hivemind and Dragonfly Deals By Fatima According to the Financial Times, the Avalanche Foundation is negotiating with investors to establish two U.S.-based “digital asset treasury” firms in a bid to raise $1 billion and purchase millions of AVAX tokens at a discount. The first vehicle, led by Hivemind Capital, plans to raise up to $500 million via a Nasdaq-listed company; former White House press secretary and crypto investor Anthony Scaramucci is advising on this deal. The second, also targeting $500 million, is a SPAC sponsored by Dragonfly Capital. If successful, both would buy AVAX from the Foundation under favorable terms. The post [LIVE] Crypto News Today, September 11 – Bitcoin Price Surges Past $114K, Solana Above $220 As Linea Airdrop Goes Live: Next Crypto To Explode? appeared first on 99Bitcoins.

Good day, traders! On Wednesday, EUR/USD made several bounces from the 76.4% correction level at 1.1695, but as of Thursday morning, it has returned to test this level again. Another bounce from here would support the euro and renew the uptrend toward the resistance zone at 1.1789–1.1802. Consolidation below 1.1695 would increase the chances for further decline toward the support zone at 1.1637–1.1645. The wave structure on the hourly chart remains simple and clear. The last completed wave up broke a previous top, while the latest down wave failed to break the prior low. This means the current trend is bullish—though not particularly strong or assured. Recent US labor market data and changing Fed policy outlook only support the bulls. On Wednesday, there were a few important events in the US and EU, so the news flow had little impact on trader sentiment. The US PPI had a chance to support bulls, but they instead ignored this report and shifted their focus to today's ECB meeting and the US inflation report. What to expect from the ECB? In my view, rate changes are unlikely, and the key pre-meeting question is whether the ECB is ready to keep cutting rates going forward. At present, there are no solid reasons to pursue an easier policy: Eurozone inflation has stabilized. Rate cuts would only be warranted if inflation continues to fall below 2%. With no sign of that happening now, I believe the ECB will not cut further this year. Nevertheless, Christine Lagarde and the Governing Council may have a different perspective, which we'll hear at the press conference. Don't forget to watch the US CPI in the afternoon. On the H4 chart, the pair broke out above a horizontal channel, letting traders hope for further growth to the 161.8% correction level at 1.1854. There are no emerging divergences to warn of a reversal on any indicator. A bounce from 1.1854 would favor the dollar and a correction down, while consolidation above this level would improve prospects for continued growth toward 1.2066. Commitments of Traders (COT) Report: In the last reporting week, professional traders closed 2,726 Long contracts and opened 751 Short contracts. "Non-commercial" sentiment remains bullish thanks to Donald Trump, and keeps strengthening. Total Longs now amount to 255,000 vs Shorts at 136,000—almost a twofold difference. Also, note the number of green cells in the upper table, reflecting strong position building in EUR. In most cases, interest in the euro is rising while it fades for the dollar. For thirty weeks straight, big players have reduced Shorts and added Longs. Trump's policy remains the biggest factor for traders, as it may cause lasting, structural issues for the US. Even with some important trade deals signed, key economic indicators are sliding. News Calendar for the US and the EU: Eurozone – ECB Rate Decision (12:15 UTC)US – Consumer Price Index (12:30 UTC)US – Initial Jobless Claims (12:30 UTC)Eurozone – ECB Press Conference (12:45 UTC)September 11 offers four economic events—three of which are major. The news flow could have a substantial impact on Thursday's market mood.EUR/USD Forecast and Tips:Consider selling after an hourly close below 1.1695, targeting the 1.1637–1.1645 zone. Consider buying after a bounce from 1.1695, targeting 1.1789–1.1802. Fibonacci grids: On H1, from 1.1789–1.1392On H4, from 1.1214–1.0179The material has been provided by InstaForex Company - www.instaforex.com

While Bitcoin and Ethereum are preparing for a new bullish impulse, the US Securities and Exchange Commission (SEC) has once again postponed decisions on several ETF rule changes linked to cryptocurrencies. On Wednesday, the SEC announced it needed more time to review applications for permission regarding Ethereum staking. Although SEC Chair Paul Atkins has recently expressed open support for digital assets, the agency continues to delay rulings on many crypto-related ETFs. The SEC's hesitation in making decisions on ETFs and Ethereum staking can be attributed to concerns over investor protection and the need to develop clear regulatory frameworks for decentralized finance. However, these delays could mean missed opportunities for innovation and capital inflow into the industry. Meanwhile, applications for new altcoin-based ETFs keep rolling in almost weekly, as financial institutions show readiness to list funds that offer exposure to cryptocurrencies beyond Bitcoin and Ethereum. Back in July, the SEC announced it was seeking public comments on a proposed rule change to allow the BlackRock iShares Ethereum Trust to include staking. Issuer interest in adding staking to their Ethereum ETFs grew dramatically after the SEC's corporate finance division said in May that certain types of blockchain staking do not constitute the issuance of securities. Many took this as a green light for staking in crypto ETFs. Last month, the SEC also postponed a decision about whether Grayscale can add staking to its Ethereum ETF. Regarding spot ETFs, Franklin Templeton's two proposals for spot ETFs for XRP and Solana are also delayed pending an SEC decision. The company first submitted its ETF listing applications in March. Trading Recommendations: Bitcoin Technical Outlook:Buyers are now aiming to reclaim the $114,600 level, which opens the way to $116,000 and, soon after, the $117,500 mark. The farthest bullish target is the $118,600 area; a breakout above this would confirm a strengthened bull market. If Bitcoin declines, look for buyers at $113,200. Falling below this area could quickly send BTC toward $111,900, with $110,000 as the deepest bearish target. Ethereum Technical Outlook:A clear hold above $4,418 opens the path to $4,519. The farthest bullish target is the $4,601 zone—a breakout there would confirm ongoing bull market strength and renewed buyer interest. If ETH declines, watch for buyers at $4,347; falling below that could quickly send ETH toward $4,272, with $4,202 as the next major downside target. On the chart:Red levels mark support and resistance, where price is expected to either slow down or show strong momentum.Green line is the 50-day moving average.Blue line is the 100-day moving average.Light green line is the 200-day moving average.A crossover or test of any moving average usually stops or can set a new impulse for the market. The material has been provided by InstaForex Company - www.instaforex.com

Asia Market Wrap - Tech Shares Lead the Way, SoftBank Up 9% Most Read: US CPI Preview: Implications for the DXY & Federal Reserve Major benchmarks for Japan, South Korea, and mainland China increased, while those for Australia and Hong Kong decreased. MSCI’s Asia-Pacific index was unchanged following five straight days of increases. Japan's Nikkei .N225 gained 1.2% to hit a record as tech, energy and utilities firms jumped. South Korean shares .KS11 rose 0.6%. Asian technology stocks had a strong day, thanks to a huge surge in Oracle's stock. This boosted stock markets in Japan, Taiwan, and South Korea to new record highs, even though the session was expected to be quiet ahead of key U.S. inflation data. Japan's tech investor, SoftBank, saw its shares jump by 9% after its partner, Oracle, experienced its biggest one-day gain since 1992, soaring 36%. This brought the 48-year-old company close to a market value of $1 trillion. Oracle's success was due to its positive outlook on how artificial intelligence will increase demand for its cloud services. This caused a domino effect, leading to gains for almost all AI-related stocks in Asia, with the Nikkei index rising 1.2%, Taiwan's market up 1%, and Chinese blue-chip stocks gaining 1.8%. Source: LSEG European Open - Euro Shares Trickle Higher European stocks went up slightly as investors were being careful while they waited for two major announcements: the European Central Bank's decision on monetary policy and an important inflation report from the United States, both due later in the day. The overall European STOXX 600 index rose by 0.1% to 553.03 points. The personal and household goods sector led the gains, increasing by 0.5%. This sector was helped by a 1.5% rise in the share price of Kering, the company that owns Gucci. Kering announced that it will delay the full purchase of the Italian fashion brand Valentino until at least 2028. This decision pushed back an expensive deal that had been a burden on the heavily indebted company. On the FX front, The U.S. dollar index went up slightly by 0.1%, marking its third straight day of increases. The euro also saw a small gain, rising 0.04% to $1.1699. The dollar was flat against the Japanese yen, trading at 147.43 yen, following new data that showed Japanese wholesale prices rose 2.7% in the year up to August. This increase, which was faster than the previous month, suggests that inflation is becoming a persistent problem in Japan. The Australian dollar slipped 0.1% to 0.66095, pulling back from the highest levels it had reached since November on Wednesday. This happened as the prices of commodities like crude oil and gold gave up their recent gains. The offshore Chinese yuan strengthened slightly by 0.03%, trading at 7.1184 per dollar in early Asian trade. The New Zealand dollar slipped 0.1% to 0.5936. The British pound was unchanged for the day, trading at 1.3525. For more on the Euro, read USD/JPY Technical: Mild JPY strength detected ahead of US CPI Currency Power Balance Source: OANDA Labs Oil prices dropped a bit due to concerns about a weaker demand for oil in the US and the risk of too much oil being available on the market. However, the price decrease was not significant because of ongoing worries about attacks in the Middle East and the war in Ukraine. Brent crude futures went down by 11 cents, or 0.16%, to $67.38 per barrel. Meanwhile, US West Texas Intermediate crude futures fell by 13 cents, or 0.2%, to $63.54 per barrel. For more on Oil prices, read Oil prices shoot up from a Donald Trump post Gold prices went down slightly but remained close to their all-time highs. This happened as investors were waiting for new U.S. consumer inflation data, which is set to be released later in the day. This comes after recent producer price figures were weaker than expected, which has increased the belief that the Federal Reserve will cut interest rates next week. Spot gold was down 0.2%, trading at $3,632.48 per ounce. The price had reached a record high of $3,673.95 on Tuesday. For more information on Gold, read Gold (XAU/USD) Coils Ahead of US CPI… Are Bulls Exhausted? Economic Data Releases and Final Thoughts Looking at the economic calendar, the European session will be busy as markets focus on the ECB rate decision due out today. Investors might not be fully considering the disagreements that some members of the European Central Bank (ECB) have with the idea that the economy is in a "good place," a view that has been promoted by President Christine Lagarde and other more aggressive members. However, recent public statements and a higher-than-expected core inflation rate now suggest that the ECB has probably finished its period of cutting interest rates. Attention will then turn to the US CPI release. August's Consumer Price Index (CPI) data is being released today, and we expect a core inflation rate of 0.3% for the month, which aligns with what most people are predicting. This comes after yesterday's news that U.S. Producer Price Index (PPI) data was surprisingly weak, falling by 0.1% for both the main and core measures. July's numbers were also adjusted lower. A big reason for this was a significant drop in "trade services," which acts as a measure for company profits. This suggests that, for now, companies are absorbing higher costs from tariffs instead of passing them on to customers. This could be because companies are either worried about future consumer demand or they are trying to avoid a negative reaction from the public or politicians by not raising prices. In any case, it gives us more confidence that the new CPI data won't be higher than 0.3%. This would likely support the belief that the Federal Reserve will make three small interest rate cuts (25 basis points each) by the end of the year. Unless today's inflation numbers are much lower than expected, there won't be much talk about a larger 50-basis-point rate cut next week. For more on this, read US CPI Preview: Implications for the DXY & Federal Reserve For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE Index From a technical standpoint, the FTSE is eyeing a range break having been stuck in consolidation for the entire week. The 100-day MA still holding firm as support with a candle close above the red square on the chart likely leading to further upside. The FTSE did attempt a break yesterday morning but bulls failed to hold onto gains and close above the range. Looking at resistance ahead, yesterday's high at 9296 will be key before the 9309 and 9358 come into focus. Support is provided by the 100-day MA at 9233 before the 200-day MA at 9186 comes into focus. FTSE 100 Four-Hour Chart, September 3. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

In his latest keynote speech at the OECD in Paris, SEC Chair Paul Atkins reassured that ‘most crypto tokens are not securities,’ and that the agency continues to work on market guidelines. Atkins emphasized that his focus is on changing the regulations for digital assets and on-chain capital in the US, while providing more clarity for investors and minimizing legal uncertainty for entrepreneurs. He also urged the SEC to end selective enforcement (which has been arguably bad for the industry) and promised growth-oriented regulatory rules in the future. Finally, Atkins mentioned the development of a Super app and an integrated blockchain vision that could validate all-in-one crypto projects. Atkins’ speech increased the positive outlook on digital assets, contributing to a surge in Bitcoin’s price. The crypto king is now trading at $114,233, with the 24-hour trading volume up by 18%. Atkins’ address has also heightened investor appetite for tokens pioneering Bitcoin’s scalability, with Bitcoin Hyper ($HYPER) already raising $15M in one of the best presales of 2025. Paul Atkins Unveils Game-Changing Crypto Regulatory Vision Atkins emphasized the importance of bringing more clarity and legal certainty to on-chain capital raising, which would require the SEC to ensure transparency and consistency in rules. One of the highlights of the address was ‘Project Crypto,’ a framework designed to modernize regulation, enabling platforms to offer trading, lending, and staking services under a single license. This alone could lead to the creation of crypto ‘super-apps,’ bringing various cryptocurrency services under one interface. He then applauded Europe’s early adoption of the MiCA framework, emphasizing the transformative potential of AI and blockchain integration—a next-generation solution that could lower costs and expand access to advanced trading tools. The new policy is a welcomed shift from aggressive enforcement to a more flexible and innovative approach, establishing the U.S. as a global leader in the cryptocurrency landscape. Atkins’ Crypto Shake-Up—Here’s How Investors Stand to Win With Atkins clearing the air for new crypto policies, investors and users stand to benefit the most. Project and regulatory clarity are major catalysts for token growth, crypto fundraising, and integrated financial applications in the U.S., and also help eliminate legal uncertainties that act as obstacles for proper growth. The Clarity Act and SEC-CFTC cooperation agreement is already a step in the right direction. Besides, Atkins’ policy shift would make crypto markets more accessible, transparent, and safe for retail investors. And best of all, we could get new crypto ETFs (like Rex-Osprey’s new lineup) and hybrid portfolios (Bitcoin/gold), which let you diversify without navigating unregulated platforms. As regulatory clarity reduces uncertainty, it will encourage more whale and retail investors to move capital into promising Layer-2 projects, such as Bitcoin Hyper. SEC’s Atkins Sparks Market Optimism—Is Bitcoin Hyper the Next Big Thing In Crypto? Built on a Bitcoin Layer 2 via the Solana Virtual Machine (SVM) and the Canonical Bridge, Bitcoin Hyper ($HYPER) enables ultra-fast and low-cost contract execution without compromising Bitcoin’s unmatched security. The industry will finally have dApps, smart contracts, and modern DeFi features on Bitcoin’s ageing chain! The token will support lending, borrowing, and liquidity farming on partner platforms, with optional token burns that boost scarcity and long-term value. $HYPER’s presale launched at $0.0115 per token, with prices increasing every 3 days. With a planned listing price of $0.012975, early presale buyers stand to benefit significantly. The presale has raised over $15M so far, and you can participate while it is still in its early phases and before broader market recognition drives the value higher. With a fixed supply of 21B tokens, $HYPER has reserved 15% for rewards, including staking incentives, activated immediately after the TGE. Bitcoin Hyper’s staking program offers a compelling 74% APY, providing early holders with attractive rewards alongside price appreciation. Additionally, 30% of the total tokens are allocated to Layer 2 development, reflecting the project’s strong commitment to scaling and developing new decentralized applications (dApps). Not to mention, the recent whale buys of $161.3K and $100.6K show big-money confidence and strong growth potential. Analysts expect $HYPER to reach $0.02595 by 2025 and as high as $0.253 by 2030, offering holders an eye-catching ROI of 1,861% from the current price of $0.012895. Read more about the Bitcoin Hyper price prediction 2025 – 2030 here. Takeaway: Clear Rules and Market Optimism Make Bitcoin Hyper a Token to Watch Paul Atkins’ push for clarity on-chain fundraising and predictable rules has reinstated confidence in Bitcoin-based projects like Bitcoin Hyper. The new regulatory framework aims to protect investors but also open doors to blockchain innovation, while ensuring market fairness and innovation. Atkins’ policy shift has elevated $HYPER’s growth potential to the next level. With strategic developments and increasing adoption, Bitcoin Hyper’s $15M raise lays the groundwork for exponential growth. There isn’t much time left if you want to get in at the current $0.012895 price, as it’ll increase in less than 2 days. To grab your tokens now, visit the Bitcoin Hyper ($HYPER) presale page. Cryptocurrency tokens are highly speculative and prices can be extremely volatile. Always do your own research (DYOR) before making any investment decisions. Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/gary-atkins-promises-pro-crypto-agenda-hyper-hits-15m

With the recent market recovery, the XRP price has been able to confirm an important Wave 3 move that was earlier highlighted by crypto analyst Dark Defender. Since this move has been completed, it is now time for the cryptocurrency to move into the next stage of the analysis. At this junction, there is a simple roadblock to a continuation of the rally and that lies at $3.13. In the follow-up analysis, Dark Defender reveals what could happen if the XRP price were to either break or get rejected at this level. What To Expect From The XRP Price In the analysis, Dark Defender highlighted that there is a possibility of some downside after the XRP price hits the 3rd Wave target. This 3rd Wave target sits between $3.01 and $3.07, and the initial run-up on Tuesday had seen the cryptocurrency quickly clear this level. The next wave that could trigger the expected downtrend is Wave 4, which is historically bearish. This is not out of the ordinary, as a bullish wave, such as the 3rd Wave, will usually see a correction. This correction can often present an opportunity for bulls to reload while the Wave 4 plays out. However, there is another important wave in this mix, and that is the E Wave. As the crypto analyst explains, for this wave to play out, it would be entirely dependent on where the price goes. From here, the next major level is $3.13, and that is the make-or-break level. Now, if the bulls are able to completely break the resistance at $3.13 and continue further, then it would invalidate any bearish wave. But in the case of a full rejection and the price bouncing back, then the E wave could be triggered for the XRP price. In the event of an E Wave trend, the XRP price would be expected to see a steep decline. This would go through all of the important Fibonacci levels, and the crypto analyst explains that it could send the XRP price tumbling back down to as low as $2.74. Nevertheless, for now, the D wave remains in play, suggesting stronger dominance from the bulls. Once the Wave 4 is completed, then the last and final wave, the Wave 5, is expected to play out. This is historically the most bullish wave and could be responsible for a break above $3.13.

Good day, traders! On the hourly chart, GBP/USD on Wednesday traded exactly between the 1.3482 and 1.3587 levels. Thus, no new trading signals or ideas emerged—one of those two levels needs to be tested before a clearer direction returns. If the pair bounces off 1.3587, the decline may resume. The wave picture continues to shift to bullish. The last completed down wave broke through two previous lows, but the new up wave broke the last two highs. At the moment, this suggests a new bullish trend after more than two months of weak bearish dominance—largely unsupported by fundamentals. On Thursday, the US will release its August Consumer Price Index—the data that traders prioritized over Wednesday's PPI. Producer prices declined by 0.1% last month, but that's not enough to signify a downtrend. However, such price declines could slow headline inflation, which is even worse for the dollar than rising inflation. If inflation in the US rises, it may curb the Fed's dovish tilt, and also soften Trump's rate-cutting pressure on the FOMC. President Trump has repeatedly referenced weak inflation, insisting that the trade war won't cause significant price increases and demanding a rate cut. But at present, there's little point forecasting US inflation trends, given ongoing Supreme Court investigations into Trump-era tariffs and the real possibility import tariffs could be canceled. If that happens, who knows what will happen to prices next? So I recommend acting based on the actual CPI outcome, whatever it is. On the H4 chart, the pair has made another upside reversal in favor of the pound, consolidating above the 1.3378–1.3435 zone. Thus, further growth may continue toward the next 127.2% correction target at 1.3795. The chart pattern is ambiguous now; traders keep pushing the pair back and forth. For now, I advise paying the most attention to the hourly chart. No emerging divergences are seen on any indicator. Commitments of Traders (COT) Report: The Non-commercial trader sentiment turned a bit more bearish in the last reporting week. Speculators increased the number of Long contracts by 61, but Shorts rose by 1,848. The Long/Short split is now about 76,000 versus 109,000. Yet, GBP is still inclined to rise, and traders keep buying. In my view, the pound still faces downside risks. The information backdrop was awful for the dollar for the first six months of the year, but it is slowly turning positive. Trade tensions are easing, important deals are being signed, and the US economy is set to recover in Q2 thanks to tariffs and various investments. At the same time, the prospect of Fed policy easing in the second half now puts serious pressure on the dollar as the labor market sags and unemployment ticks higher. For now, I see no reason for a "dollar trend." News Calendar for the US and UK: US – Consumer Price Index (12:30 UTC)US – Initial Jobless Claims (12:30 UTC)September 11 has two key events, with one (CPI) standing out. The information backdrop may heavily impact the market in the latter half of the day.GBP/USD Forecast and Trader Tips:Selling was possible on a bounce from 1.3587 on the hourly chart, targeting 1.3482. I'm not sure the decline will persist, so it's best to set the Stop Loss to breakeven. Buys are possible today on a bounce from 1.3482 or a close above the 1.3611–1.3620 area. Fibonacci grids: Drawn from 1.3586–1.3139 on H1Drawn from 1.3431–1.2104 on H4The material has been provided by InstaForex Company - www.instaforex.com

Elliott Management, the activist investment firm led by Paul Singer, has raised concerns regarding the cryptocurrency market, suggesting that it may be on the brink of an “inevitable collapse.” In a recent investor letter reported by Fortune, the firm attributed the inflation of this so-called “crypto bubble” to the perceived endorsement from the White House, particularly during President Donald Trump’s administration. Impending Crypto Collapse Ahead? The letter articulated fears that the US government’s backing of cryptocurrencies could undermine the dollar’s position as the world’s primary reserve currency. Elliott Management highlighted that the dramatic rise in crypto prices, allegedly tied with Trump’s promotion of digital assets, poses risks not only to individual investors but also to the broader economy. The firm warned that the impending collapse of the alleged crypto bubble could have unforeseen repercussions, potentially destabilizing financial markets. Elliott’s letter pointed to what they call “speculative nature” of the current crypto market, where a surge of investment appears to be driven more by hype than by intrinsic value. The firm noted it had “never seen a market like this,” where investors are drawn to assets, particularly memecoins, that lack substantial backing. They assert that this “speculative fervor,” likened to the behavior of sports bettors, has attracted a wave of new investors hoping for continued price increases without a solid foundation. Concerns Mount Over US Dollar’s Future Elliott expressed particular concern about Trump’s vocal support during his campaign and his involvement in several crypto-related ventures have contributed to a perception of legitimacy surrounding the sector. Trump and his sons have been increasingly leaped into the digital asset sector with ventures such as World Liberty Financial (WLFI), American Bitcoin (ABTC) and the launch of the President’s official memecoin, TRUMP, which have sparked considerable criticism among Democrats. Elliott cautioned that such endorsements could marginalize the dollar, which the firm described as “profoundly dangerous.” The establishment of a national reserve for digital assets, as proposed by the Trump administration, further complicates this scenario, potentially diluting the dollar’s influence in the global economy. The letter also stressed the need for caution among investors, warning that many are placing their bets on a volatile market based on “speculative trends rather than sound financial principles.” Despite the firm’s stark warning, cryptocurrency prices rebounded on Wednesday. The leading cryptocurrency, Bitcoin (BTC), was trading at $113,450 when writing, after consolidating for days between $110,000 and $112,000. Furthermore, the recent passage of the GENIUS Act—the first crypto bill signed by President Trump—is expected to enhance the use of the US dollar as a complement to stablecoins, thereby updating the broader financial system. Wall Street giants Morgan Stanley, Citi, Bank of America, and JPMorgan Chase have all also expressed their willingness to enter the sector. This highlights the administration’s progress in developing a new framework that could mitigate risks while accelerating the adoption of digital assets. Featured image from DALL-E, chart from TradingView.com

The S&P 500 achieved its 23rd record high of 2025, fueled by Oracle's stunning performance and an unexpected drop in US producer prices in August. The odds of aggressive monetary easing from the Federal Reserve have increased, helping US equities sustain their stellar run. US equity index performance Oracle shares surged 36% in a single day, highlighting the company's best session since 1992 and a remarkable move for a 48-year-old tech giant. This leap added $247 billion to Oracle's market value, propelling it to become the 10th-largest S&P 500 constituent by market capitalization, surpassing JP Morgan. Market chatter is already likening Oracle to the next NVIDIA, as investors are dazzled by its results. In the second quarter, Oracle's contract revenue soared to $455 billion, more than double the previous year's figure. More eye-catching was Oracle's statement that it has massive multi-billion-dollar deals in the pipeline that could push this number even higher. Notably, the company inked a $300 billion agreement with OpenAI. There was additional good news as US producer prices fell on a monthly basis in August, suggesting companies are absorbing White House tariffs rather than passing them on to consumers. Following the report, Donald Trump declared there is "no inflation" in the US and urged the Fed to cut rates as soon as possible. Expectations for renewed monetary expansion are pushing the S&P 500 higher. US inflation dynamics It is no surprise optimism is building. Deutsche Bank raised its year-end target for the S&P 500 to 7,000, citing a weaker dollar, better-than-expected economic growth, favorable positioning, and an assessment that half the impact of tariffs has already fed into inflation. Seaport Research Partners sees the S&P 500 reaching 6,700 by the end of 2025 and 7,300 by year-end 2026, on the back of continued US leadership in artificial intelligence. Wells Fargo predicts the broad index will rise another 11% next year. As long as AI-related capital expenditures continue to rise, equities should maintain their upward momentum. A potent combination of Fed rate cut expectations and AI innovation continues to drive the S&P 500 to new all-time highs. While the US has lost its singular edge in economic growth, it remains unrivaled in other domains. At the same time, declining inflation has reduced the threat of stagflation, long a concern for the broader index. With those fears receding, the market is free to rally. From a technical point of view, on the daily chart, the S&P 500 has come within striking distance of the first two previously cited upside targets—6,565 and 6,700. The sensible approach remains to keep buying on dips. The material has been provided by InstaForex Company - www.instaforex.com

The recent movement of the USD/JPY has been very choppy as it continues to trade within a four-month-plus “Ascending Wedge” range configuration since its 22 April 2025 low of 139.89. The initial 0.8% intraday rally of the US dollar against the Japanese yen at the start of this week’s Asia session on Monday, 8 September 2025, to hit an intraday high of 148,58 has evaporated as the USD/JPY is now trading almost unchanged week-to-date as of Thursday, 11 September, at 147.40. Market participants have largely looked beyond the political uncertainty stemming from Prime Minister Ishiba’s resignation, shifting their focus to factors that could shape the Bank of Japan’s ongoing monetary policy normalization path. Let’s examine these fundamental factors. Japan’s PPI is still evolving in an upward trend, a leading indicator of core-core CPI Fig. 1: Japan PPI & core-core CPI as of Aug 2025 (Source: TradingView) One of the key economic indicators that the BoJ monitors to formulate its monetary policy decision is Japan’s nationwide core-core CPI inflation trend (excluding fresh and energy). Interestingly, the trend of Japan’s producers’ price index (PPI), a gauge that measures companies’ input costs, has a lead time ahead of the core-core CPI. Based on past data, Japan’s PPI bottomed out and reversed upwards ahead of Japan’s core-core CPI inflation in August 2009, June 2016, May 2020, and most recently December 2023. The latest print of Japan’s PPI has started to firm up after a slowdown in growth of 4.3% y/y in March 2025. The PPI rose 2.7% y/y in August 2025, accelerating from 2.5% y/y in the previous month of July (see Fig. 1). Hence, a continuation of an upward growth trend in Japan’s PPI is likely to have a trickle-down effect on the core CPI inflation trend to allow it to trend higher above the BoJ’s long-term inflation target of 2%, in support of a continuation of the BoJ’s gradual interest rate hikes in place since March 2024. Overall, a supporting fundamental element that can assert upside pressure on the Japanese yen. Narrowing of the longer-term yield spread between US Treasury bonds and JGBs Fig. 2: 10-year and 2-year yield spreads of US Treasuries and JGBs as of 11 Sep 2025 (Source: TradingView) The 10-year sovereign bond yield of a country often serves as a key gauge of its long-term inflation outlook and economic growth prospects. A relative comparison of these expectations between two countries can be captured through the 10-year yield spread of their sovereign bonds. For instance, the yield spread between the 10-year US Treasury and the Japanese Government Bond (JGB) has been narrowing since October 2025, falling from 4.15% to the current level of 2.48%, just above a critical support at 2.47% (see Fig. 2). This narrowing suggests that US Treasuries have become relatively less attractive versus JGBs, reducing the yield premium in favour of the dollar. As a result, this dynamic may exert downside pressure on USD/JPY. Let’s now examine the USD/JPY from a technical analysis perspective to determine its short-term (1 to 3 days) trend bias and key levels to watch. Fig. 3: USD/JPY minor trend as of 11 Sep 2025 (Source: TradingView) Fig. 4: USD/JPY medium-term trend as of 11 Sep 2025 (Source: TradingView) Preferred trend bias (1-3 days) Potential push down towards minor range support of 146.70/146.40 in place since 5 August 2025, with key short-term pivotal resistance at 148.75/148.95 (see Fig. 3). A break below 146.40 may trigger a further drop to test the medium-term “Ascending Wedge” range support of 145.95. Key elements The USD/JPY is stuck inside a medium-term “Ascending Wedge” range configuration in place since the 22 April 2025 low. The upper boundary/resistance of the range stands at 149.90, and the lower boundary/support of the range rests at 145.95 (see Fig. 4).The hourly RSI momentum has ticked up higher to 66, which is coming close to its overbought region (above 70), which suggests a potential imminent mean reversion downside movement for the USD/JPY within its range configuration.The USD/JPY is still trading below its key 200-day moving average, which is acting as a resistance at 148.75.Alternative trend bias (1 to 3 days) A clearance above 148.95 invalidates the bearish scenario for the USD/JPY and sees a squeeze up towards the key medium-term resistance of 149.70/149.90 (the upper boundary of the “Ascending Wedge”). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Yesterday, US stock indices closed mixed. The S&P 500 rose by 0.30%, while the Nasdaq 100 added 0.03%. The industrial Dow Jones fell by 0.48%. Futures on US and European equities showed stability ahead of the highly anticipated US inflation data, due today, while the Asian session was marked by gains in technology giants. Euro Stoxx 50 futures were little changed, while S&P 500 and Nasdaq 100 futures pared losses during Asian trading. Japan, South Korea, and mainland China's major stock indices advanced, while Australian and Hong Kong indices declined. The MSCI Asia-Pacific regional index was flat after five straight days of gains. US Treasuries stabilized after broad-based curve gains on Wednesday. The US dollar index was little changed, and the yen held steady against the greenback. Yesterday's report showed that US producer prices unexpectedly fell in August for the first time in four months. This eased concerns that high inflation would create difficulties for policymakers trying to prevent labor market weakness ahead of today's US inflation release, due in the afternoon. The decline in producer prices is undoubtedly a positive signal for the economy, pointing to potential easing of inflationary pressure. However, it is important to note that this is only one indicator, and drawing final conclusions about long-term trends is premature. The market is closely watching today's inflation release to gain a fuller picture of the current economic situation. It is worth noting that the decline in producer prices may be driven by various factors, including lower energy prices, slower consumer demand growth, or improvements in supply chains. A detailed analysis of these elements will allow for a more accurate assessment of the reasons behind the drop and its potential impact on the economy as a whole. In the context of Federal Reserve policy, weaker inflationary pressure may give policymakers more room to maneuver when making decisions on interest rates. Today also brings a meeting of the European regulator, where the bank is expected to keep interest rates unchanged. As for commodities, gold prices edged lower after gains in the previous session, while oil prices also dipped slightly after three days of increases, as investors weighed Trump's next steps to pressure Russia, raising concerns over crude supply. As for the technical picture of the S&P 500, the main task for buyers today will be to break through the nearest resistance level of $6,537. This would allow for further upside and open the way toward the next level at $6,552. An equally important objective for bulls will be to keep control over the $6,563 mark, which would strengthen buyers' positions. In case of a downside move amid weakening risk appetite, buyers will need to step in around $6,520. A breakout below this level would quickly push the instrument back to $6,505 and open the road toward $6,490. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Advice on Trading the Japanese YenA test of the 147.32 price level coincided with the MACD indicator just starting to move down from the zero line—a good confirmation to sell the dollar. However, this did not lead to a significant drop in the pair. The yen reacted with only a minor gain against the US dollar after news that US producer prices in August declined, not increased. This restrained reaction reflects a mix of factors, including ongoing concerns about Japan's economic outlook and the Bank of Japan's monetary policy. Despite dollar weakness from US data, investors remain cautious about the yen, given its sensitivity to global economic swings—weak domestic demand, an aging population, and export dependency leave the Japanese currency vulnerable to external shocks. Today's strong BSI large manufacturers business conditions index data out of Japan did not impact the currency market at all. Moreover, the yen unexpectedly ignored such a positive signal of improving sentiment in a key sector. This anomaly highlights the complexity and contradictions currently shaping the market. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario #1: Plan to buy USD/JPY today at the entry area around 147.59 (green line on the chart), targeting a rise to 148.02 (thicker green line on the chart). Around 148.02, I'll exit longs and open a short for a move of 30–35 pips back. It's best to return to buying the pair on corrections or deep pullbacks in USD/JPY. Important: Before buying, make sure MACD is above zero and just starting to rise from there.Scenario #2: Buy USD/JPY if there are two consecutive tests of the 147.38 level while MACD is in the oversold zone. This should limit downside and prompt a reversal, targeting 147.59 and 148.02.Sell ScenarioScenario #1: Plan to sell USD/JPY today only after a break below 147.38 (red line on the chart), which should trigger a rapid slide. The key downside target is 146.94, where I'll exit shorts and immediately look to buy for a 20–25 pip rebound. The higher the sell entry, the better. Important: Before selling, ensure the MACD is below zero and is just starting to fall.Scenario #2: Also plan to sell USD/JPY if there are two consecutive tests of 147.59 while MACD is in the overbought area. This will cap the upside and may prompt a reversal down to 147.38 and 146.94. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com