USD/JPY is trading at 140.621, 0.13% up since previous day close. The YEN weakened in early trade on Tuesday post release of key economic data. The Average Cash Earnings grew by just 1.8% against the expectation 1.9% & the Household Spending increased by 3.4% lower than previous figure 3.5%. Besides this, the mixed USD post release of U.S NFP data; showing better results led weakness in other currencies. Earlier, the U.S Chair Powell hinted for more hawkish stance over monetary tightening in order to tame down inflation rate in Jackson Hole Symposium speech held last weekend; made other currencies to trade on lower side. As seen in the chart, the pair USD/JPY is trading above the bearish trend-line which shows the chances of further selling in JPY against the USD.

Coffee is trading at $228.27, 0.13% down since previous day close. The Coffee prices retreated down since last two trading sessions against the strong USD; for this weakened the Brazilian Real (BRL) currency. The Brazilian farmers may fetch lesser profits while exporting the beans to U.S. The change in climatic conditions in Brazil affected the production & output of bean; affecting the change in supplies & demand level. The global events like ECB meet & FOMC meet remains vital for currencies & agri-commodities as well. As seen in the chart, the Coffee retraced down after testing the major resistance level & is hovering near MA (20). Make or break situation may be recommended for the day.

CHNIND is trading at 6513.8, 0.08% down since previous day close. The losses in indices turned into gains on Tuesday after Chinese PBoC announced a stimulus package in order to boost economic conditions; affected by Covid-19 situation. Also, the chances of easing down monetary policy in near future made CHNIND & other major indices to trade stronger. Earlier, the global shares traded weaker post Jackson Hole Symposium speech wherein the Chair Powell hinted for more rate hike stance despite economic pain in order to stabilize inflationary pressure. The Caixin Services PMI rose to 55.0 against the expectation 54.0 which cushioned the index CHNIND. As seen in the chart, the index is trading near lower trend-line of sideways channel & hence, cautious trading may be seen.