Fed Minutes, Walmart Earnings, and UK Inflation Data in Focus

The upcoming week is expected to be relatively quiet in terms of economic data and corporate earnings releases. However, there are a few key events that traders and investors should keep an eye on.

On Wednesday, the Federal Reserve will release its minutes from the July meeting, which could provide insight into the committee's tone and potential rate hike decisions. Markets have been parsing these minutes for clues, but given the Fed's new lack of forward guidance, it may be challenging to find any insightful information.

The USD/JPY pair has been a focus in recent times, rebounding after intervention by the US and Japan. With the FX rate moving above the 10-day exponential moving average, analysts believe that the yen is due to weaken further, potentially pushing USD/JPY above ¥160.50.