Gold and USD/JPY Are Pricing Two Different Fed Paths

Gold and USD/JPY are pricing two different Federal Reserve outcomes, with gold absorbing every pullback while carry positioning quietly thins out. James Stanley, Senior Market Strategist at StoneX Media, walks through what the in line CPI print failed to move and where the repricing is showing up. Stanley works through why anticipated inflation data so often lands in line, and why the Producer Price Index carries more risk given how higher oil prices filter into non energy consumer goods. He also covers the escalation ladder of intervention pressure on the yen and why the scale of US debt coming due limits how hawkish Kevin Warsh can sound at Jackson Hole. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_james_stanley&utm_content=share 0:00 Consensus CPI Delivers Nothing (30) 0:53 PPI Carries the Bigger Risk (27) 1:44 USD/JPY Takes a Shock Order (27) 4:03 Carry Longs Bailed Once Before (30) 6:11 Stuck Until Something Breaks (28) 8:22 Gold Looks Around the Corner (28) 9:25 Inflation Never Hit the Target (30) 12:13 US Debt Limits Fed Hawkishness (30) Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1 Like and subscribe for more financial market insights. #Gold #Forex #StoneX #JamesStanley