The dollar moves higher after the higher core and YoY numbers. Stocks lower. Yields higher

USDJPYThe USD has moved higher after the CPI disappointed to the upside. The terminal rate for the Fed Funds shifted up to 4.0%-4.25% from 3.75% -4% previously. It is now looking like 75 basis points for September (with the possibility for 100 creeping in) and the odds of 75 basis points in October also increasing the odds.

US stocks moved lower with the Dow industrial average down -264 points. The NASDAQ is down -216 points and the S&P is down -49 points

In the US debt market, the yields swung from negative to positive

• 2 year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term is up to 3.68% that's up 10.7 basis points
• 10 year is 3.423% up 6.3 basis points
• 30 year is 3.5453% up 2.7 basis points

Spot gold is fallen sharply on the rise in the dollar. It is currently down $-16.30 or -0.97% at $1708. Crude oil is trading back close to unchanged at $88.04.

The price of bitcoin has moved down to $21,801 on the risk off sentiment.

In the forex

EURUSD: The EURUSD moved back below the low swing area between 1.0096 and 1.0121 that was the floor between mid July and in early August. The low has just reache 1.0062, just above the broken 38 point to 1.0056.

Looking at the hourly chart of the EURUSD it has now falled back below the 100 hour MA at 1.00543

USDJPY: The USDJPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term is moving back higher and trades above the 144.00 level. The low price for the day reached 141.59. The high price last week extended up to 144.984. The price is back above its 100 hour moving average 143.176. That is now support.

GBPUSD: The GBPUSD has retest its 100 hour moving average at 1.1588. The price fell below the rising trend channel trendline which was tested on the topside yesterday.