The U.S. dollar drew support from elevated Treasury yields on Wednesday, which in turn kept pressure on the yen after the latest U.S. inflation report showed signs that President Donald Trump's tariffs were beginning to feed into prices.

USD/JPY and AUD/USD move on trade talk progress, US PPI data, and Aussie housing trends. Policy paths in Japan, US, and Australia remain in sharp focus.

UBS expects the US economy to slow significantly in 2025, projecting real GDP growth to fall to around 1%. In a note to clients issued Tuesday, the bank pointed to a combination of fading fiscal support, elevated interest rates, and persistent inflation as key drivers of the expected deceleration.

Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in what economists see as evidence of the Trump administration's increasing import taxes passing through to consumers.

Bitcoin surged to $117,138 after June CPI showed 2.7% inflation in the US. Tariff impacts on inflation weigh on the Fed's policy outlook.

USD/JPY rallies as Trump’s tariffs hit BoJ rate hike bets. Japan inflation, trade, and US data to guide pair’s next move.

Gold prices inched up on Tuesday, July 15. Investors are waiting for fresh US inflation data to gauge the Federal Reserve’s next move on interest rates. Spot gold rose 0.1% to $3,346.94 per ounce at 0151 GMT.

Stock Market Outlook Key Takeaways. Following the rally, US stocks are once again trading at a slight premium to our fair value. Growth stocks in particular soared to an e