Other news

Reuters reports that obscure inflation readings raise concerns among Bank of Japan (BOJ) officials. Policy doves argue this situation points to weak consumer demand in the country.

Some Chinese smelters have agreed to process copper from Chilean mining company Antofagasta for free. This marks a record low for the industry, but it is still better than expected.

On Thursday, Bank of England Governor Andrew Bailey stated the recent rise in UK inflation complicated the outlook for future price movements. However, he also pointed to signs of weakening in the country’s labor market.

On Thursday, XRP fell 3% following Judge Analisa Torres' decision to deny a joint request by the US Securities and Exchange Commission (SEC) and Ripple to reduce the $125 million fine imposed on the crypto company.

According to Reuters, copper prices reached their highest level in nearly three months on Thursday, driven by a weakening dollar, concerns over supply stability, and increased activity from speculators following a break of key technical levels.

The Association of Mining, Oil, and Energy Industries (SNMPE) sees the informal copper mining boom in Peru as the greatest challenge for the industry's growth.

Inflation in Tokyo slowed for the first time in four months due to cooler energy price growth and waiver of some charges for households. Consumer prices excluding fresh food grew 3.1% on an annual basis in the capital in June.

Job openings in Australia saw a recovery in May, largely fueled by the construction industry and professional, scientific, and technical services. As reported by Reuters, this reflects a continued demand for labor in the country, even amid a sluggish economy.

A decrease of the indicator value may contribute to the fall in quotes of JPY.

No change of the indicator value may reduce the volatility of the related markets.