The US Dollar bounced back for a second straight session against a six-month Japanese Yen against the Japanese Yen

The US dollar has fluctuated in a narrow range towards the Asian session to see its rebound at its second-highest session since Jan. 9 against the Japanese yen as a result of economic developments and subsequent data on the economy. Japanese and on the eve of economic data expected Thursday by the US economy and the Fed's mid-term testimony to Governor Jerome Powell.

At 06:03 GMT, the US dollar was down against the Japanese yen (.JPY) by 0.06% to 112.79 from the opening levels of 112.86 after recording a low of 112.65. At 112.89.

We followed the Japanese economy by reading the trade balance, which showed the excess surplus at 721 billion yen against 578 billion yen in May, contrary to forecasts that indicated the reduction in the number of people in the economy. surplus to 531 billion yen, while revision of the balance Trade in commodities rose from 297 billion yen to 66 billion yen, less than the forecast of 155 billion yen, the growth of imports slowing more slowly than the growth in exports recorded last month.

On the other hand, the markets are looking for the US economy, the world's largest economy, weekly reading of the index of aid requests, which could reflect a rise in 6,000 requests to about 220,000 requests during the week of July 14 Weekly reading of current UI claims could indicate a drop from 14K to about 1725K during the week of July 7th.

This comes in conjunction with the disclosure of the Philadelphia Manufacturing Index, which could reflect an expansion to 21.5 from 19.9 in June, before we see the member's opening remarks. Federal Open Market Committee Randall Quarles at a meeting The Roundtable on Alternative Interest Rates led to the release of key indicators that could show an acceleration of growth to 0.5% against 0.2% in May.

Powell said in its discussions on monetary policy before the Senate Committee on Banking, Housing and Urban Affairs last Tuesday and before the Financial Services Committee on Wednesday that the data reflect the strength of economic growth this year. In the labor market and the growth of inflationary pressures, it is difficult to predict the effects of trade decisions and stimulus from fiscal policy.