News

Trump lashed out at Elon Musk for his criticism of the Republican tax-cut and spending bill, leading the CEO to later suggest Trump should be impeached.

Japan CFTC JPY NC Net Positions dipped from previous ¥164K to ¥151.1K

United States CFTC S&P 500 NC Net Positions fell from previous $-53K to $-69.4K

Australia CFTC AUD NC Net Positions down to $-63.2K from previous $-61.2K

The Dow Jones Industrial Average (DJIA) briefly tested fresh 13-week peaks on Friday, with equities taking a step higher after Nonfarm Payrolls (NFP) jobs data came in stronger than expected.

United States Consumer Credit Change above expectations ($10.85B) in April: Actual ($17.87B)

It takes a hefty paycheck to cover your essentials, pay back your debts, save for the future and have a little fun.

Capital One was the latest company to issue new restrictions on getting into airport lounges.

“We are maintaining a short USD/JPY trade idea… we are not convinced that the move higher in US yields and USD/JPY will be sustained. We expect to see evidence emerge that the US economy is being more negatively impacted by trade disruption and heightened policy uncertainty weighing down on USD/JPY,” MUFG notes.

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This article was written by Adam Button at www.forexlive.com.

USD/JPY extended its uptrend for two consecutive days, with the major currency pair reaching a new weekly high of 145.09, driven by solid US economic data on Friday.