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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Look ahead: Bank of Japan minutes; UK consumer price and producer price index; Berkeley earnings

Brace for FX volatility ahead of the minutes from the Bank of Japan’s last meeting. UK inflation readings come a day after weaker-than-expected US retail sales reignited hopes of a Fed rate cut in September.

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Berkeley reports earnings as the UK housebuilding sector complain about the lack of new election housing pledges.

(AI Video Summary)

USD/JPY

In today's financial "Look ahead", hosted by Angeline Ong, the focus is on global markets, with key data releases from Japan and the UK poised to influence currency trends. The USD/JPY pair is observed nearing a strong resistance level at 15,826. A break above could see the pair aim for higher targets.

UK data

Meanwhile, upcoming UK consumer price and retail data could impact GBP/EUR, especially if the Bank of England hints at persistent inflation concerns. In the US, despite a market holiday, softer retail sales data reflects underlying economic caution, potentially affecting Federal Reserve rate decisions.

US and UK house builders

Additionally, US and UK house builders, like Berkeley and Persimmon, may benefit from government initiatives aimed at boosting construction.

Overall, significant FX volatility and stock market movements are anticipated.

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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