USD/JPY 10 mins
One of the more-annoying things about the Jackson Hole symposium is the scheduling. We know when Powell will speak tomorrow but the rest of the schedule won’t be released until 8 pm ET tonight, just as the event begins. I don’t know why they can’t release it much earlier than that.
In any case, it won’t be a factor in today’s trading but we will have some economic data to chew on at the bottom of the hour with:
- Initial jobless claims, expected at 240K
- Durable goods orders, expected at -4.0% m/m and +0.1% on the non-defense capital goods ex-air metric.
Treasury yields are ticking higher in the early going in the US, which has been a trend all month, with the exception of yesterday. Eyes remain on NVDA as it trades up 12% in the premarket at $508.
For more, see the economic calendar.