Breaking: FOMC Chairman Powell says policy will deliver powerful support

The US Federal Reserve's monetary policy will deliver powerful support until the economic recovery is complete, Fed Chair Jerome Powell is set to say in remarks prepared for delivery at a congressional hearing on Wednesday.

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EUR/JPY clings to gains above 130.00, focus on Powell

The now better tone in the Japanese yen weighs on EUR/JPY and drags it back to the 130.20 area, posting marginal gains for the day so far. EUR/JPY now
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US: Annual PPI climbs to 7.3% in June vs. 6.8% expected

The Producer Price Index (PPI) in the US for final demand rose to 7.3% on a yearly basis in June from 6.6% in May, the data published by the US Bureau
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