A final reminder about Quick News updates as USD/JPY edges off session highs

As mentioned here earlier in the week, there will be no further updates from this analyst from 12pm GMT today, until next Tuesday, September 3. In the meantime we do have some important reports and economic releases for you to be mindful of. Those concern the Q2 results from NVIDIA (NVDA), at 8.20pm this evening and then at 12.30pm GMT on Friday, with the US July PCE report. As already noted, that important gauge of US core price inflation is expected to show a slight rise last month on an annualised basis, to 2.7% from a prior reading of 2.6%. Anything outside of that is likely to throw up a marked reaction across the markets. It is hard to gauge exactly where the dollar will be by the time that data is released, but currently it would be a bit of a surprise, if the US currency was significantly higher than where it stands right now. As usual the USD/JPY will be front and centre to any dollar reaction to the data. That still looks like it is a sell on rallies and the key level to watch on the downside remains at 141.70 (August 5 low) and on the topside probably above 149.40 might resurrect the prior rebound. The USD/JPY is currently off earlier session highs, at 144.61. It is just now trading at 144.39