{"id":435187,"date":"2026-07-31T18:23:06","date_gmt":"2026-07-31T11:23:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-eurozone-inflation-ticks-up-in-july-usd-jpy-intervention-again-435187\/"},"modified":"2026-07-31T18:23:06","modified_gmt":"2026-07-31T11:23:06","slug":"investinglive-european-markets-wrap-eurozone-inflation-ticks-up-in-july-usd-jpy-intervention-again","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-eurozone-inflation-ticks-up-in-july-usd-jpy-intervention-again-435187\/","title":{"rendered":"investingLive European markets wrap: Eurozone inflation ticks up in July; USD\/JPY intervention again?"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/how-have-interest-rate-expectations-changed-after-this-week-s-events-0\" rel=\"follow\">How have interest rate expectations changed after this week&#8217;s events?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/boj-governor-ueda\" rel=\"follow\">BOJ governor Ueda says to expect to keep raising interest rates in response to economic, financial conditions<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/boj-governor-ueda-says-will-conduct-monetary-policy-in-a-manner-so-as-to-not-fall-behind-the-curve\" rel=\"follow\">BOJ governor Ueda says will conduct monetary policy in a manner so as to not fall behind the curve<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/boj-leaves-rates-unchanged-as-expected-vote-was-8-1\" rel=\"follow\">BOJ leaves rates unchanged as expected. Vote was 8-1<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/ecb-s-kocher-decisions-to-be-based-on-incoming-data-to-bring-inflation-back-to-the-2-target\" rel=\"follow\">ECB&#8217;s Kocher: Decisions to be based on incoming data to bring inflation back to the 2% target<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/euro-area-inflation-nudges-up-in-july-keeps-the-pressure-on-the-ecb\" rel=\"follow\">Euro area inflation nudges up in July, keeps the pressure on the ECB<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/french-inflation-accelerates-in-july-reaffirming-the-broader-trend-in-the-region\" rel=\"follow\">French inflation accelerates in July, reaffirming the broader trend in the region<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/italy-july-preliminary-cpi-xx-vs-2-8-y-y-expected\" rel=\"follow\">Italy July preliminary CPI +2.8% vs +2.8% y\/y expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/german-unemployment-rises-by-slightly-more-than-anticipated-in-july\" rel=\"follow\">German unemployment rises by slightly more than anticipated in July<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/south-korea-s-kospi-extends-rebound-in-closing-stages-of-the-week-now-up-17-today\" rel=\"follow\">South Korea&#8217;s KOSPI extends rebound in closing stages of the week, now up 17% today<\/a><\/li>\n<\/ul>\n<p>Market update:<\/p>\n<ul>\n<li>USD and AUD lead, CHF lags on the day<\/li>\n<li>WTI crude up 0.7% to $84.20<\/li>\n<li style=\"text-align: justify\" class=\"text-align-justify\">European indices mostly higher; S&amp;P 500 futures up 0.5%<\/li>\n<li style=\"text-align: justify\" class=\"text-align-justify\">US 10-year yields up 1.2 bps to 4.675%<\/li>\n<li style=\"text-align: justify\" class=\"text-align-justify\">Gold down 1.1% to $4,057<\/li>\n<li style=\"text-align: justify\" class=\"text-align-justify\">Bitcoin down 1.3% to $63,887<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">As we count down to the end of the month, markets are still seeing some volatile swings in ending the week.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The rebound in tech shares continues after South Korea&#8217;s benchmark KOSPI index posted near 18% gains today. And that&#8217;s setting a more positive backdrop for broader markets.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">European stocks are pushing modestly higher with the DAX up 0.7% and CAC 40 up 0.9%, while US futures are posting solid gains as well in looking to wrap up the week. S&amp;P 500 futures are up 0.5% with Nasdaq futures up 1.3% currently. No hyperscaler worries this week is also helping to bolster the mood, for now at least.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Besides that, we once again had another taste of Japanese yen volatility with a suspected second round of intervention. USD\/JPY recovered well from yesterday&#8217;s drop to settle above 160.00 today before being shot back down to 158.55 in a jiffy during the session. It was a gradual recovery after but one that is quick to see the pair move back up by 0.3% to 160.05 currently.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">At the same time, the dollar is seeing a modest bounce as well with EUR\/USD down 0.3% to 1.1495 and USD\/CHF up 0.5% to 0.8095 on the day.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In terms of economic data, we had euro area inflation numbers for July and they were a tad hotter than expected. That will just serve to keep the ECB on their toes ahead of a likely rate hike again in September.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In other markets, oil prices are settling just a little higher with WTI crude up 0.7% to $84.20 and 10-year Treasury yields also just a touch higher by nearly 2 bps to 4.68%. Meanwhile, gold is seen down 1.1% to $4,057 as the back and forth continues for precious metals.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: How have interest rate expectations changed after this week&#8217;s events? BOJ governor Ueda says to expect to keep raising interest rates in response to economic, financial conditions BOJ governor Ueda says&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435187","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435187"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435187\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}