FX crosses, the dollar cycle, pegs and intervention.
35 report(s) in the archive
A sudden overnight move pushed the dollar-yen rate under 157, lifting Japan's trading houses and dragging down exporters like Fast Retailing.
The yen strengthened past ¥157 to the dollar after traders raised bets on further Bank of Japan interest rate increases, lifting rate-sensitive Japanese stocks including the country's five major trading houses.
The move came as the G20 meeting wrapped up, while Berkshire Hathaway's Greg Abel said Japanese bond yields aren't worrying the conglomerate's Japanese trading-house holdings.
The yen jumped sharply after breaking above 160 per dollar, prompting speculation that Japanese authorities may step in to support the currency.
The move came as Tokyo and Washington pledged to keep coordinating on the yen, a sign policymakers are watching bond markets closely.
Japan's 10-year government bond yield crossed 3% for the first time in three decades, even as Japanese and US officials said they would continue coordinating on the yen.
Hawkish comments from Fed candidate Kevin Warsh at the Jackson Hole gathering pushed traders to price in more monetary tightening, hitting Japanese bonds and the currency together.
The yen weakened past ¥160 per dollar and Japanese government bond yields rose to their highest level in three decades after investors raised bets on tighter monetary policy following the Jackson Hole meeting.
Treasury Secretary Bessent said the yen's slide is 'contained' and that Washington won't pressure the Bank of Japan on rates, even as gold steadied after a sharp selloff.
The dollar climbed to a two-week high and the yen slipped past 160 per dollar after Kevin Warsh's comments raised expectations for a Federal Reserve rate hike, while gold stabilized following a sharp drop.
The divergence comes as Japan's yen weakened again despite a $97 billion intervention effort, a currency move some are watching for spillover into risk assets like bitcoin.
US bitcoin ETFs broke a nine-day streak of inflows even as ether ETFs kept extending their own run, a split that comes alongside renewed yen weakness despite $97 billion in aid.
The Treasury Secretary flagged spillover risk from yen volatility into broader markets, according to two separate wire reports.
US Treasury Secretary Bessent said disorderly yen moves risk spilling over into global markets, a warning repeated across two wire reports.
Treasury Secretary Bessent defended yen support on borrowing-cost grounds as commentary flagged that carry traders may be pricing more aggressive Fed hikes.
Treasury Secretary Bessent defended supporting the yen by citing risks to US borrowing costs, while separate commentary suggested yen carry traders may be positioning for more aggressive Fed rate hikes.
Two-year Treasury yields and the dollar climbed alongside stocks as investors priced in a firmer Fed stance.
Equities, the dollar and 2-year Treasury yields all rose together in the August 28 session as traders raised bets on a rate hike following a speech from Kevin Warsh and comments from the Fed chair.
The greenback weakened even as bond yields and oil held elevated, an unusual combination that points to doubts about US fiscal footing.
The dollar wobbled after investors balked at the US Treasury's efforts to shore up markets, even as Asian shares closed the week on a downbeat note.
Strategists say the 10-year yield's climb has yet to reach the pain threshold that historically triggers a broad equity de-rating, even as the dollar grinds higher and duration-sensitive dividend names come under scrutiny.
Equities continue to absorb an upward drift in long-end Treasury yields, with Strategas arguing the ascent must go considerably further before it forces a selloff. A mostly firmer but range-bound dollar and renewed focus on dividend sustainability across telecoms, REITs and payments underscore a market repricing duration rather than direction.
A sharp retracement in the silver price cuts directly into the input cost base of the world's largest jewellery producer by volume, opening a gross-margin box the market had priced as a headwind.
Falling silver prices are reversing one of the most acute cost pressures on Pandora, whose product mix is heavily weighted to sterling silver. The move illustrates how commodity volatility is now a first-order driver of consumer-discretionary earnings revisions rather than a background variable.
The token trades near a 52-week low around $1 with analysts arguing valuation remains unattractive even after the drawdown, signalling continued unwinding of speculative crypto positioning
XRP is trading near a 52-week low of approximately $1, with commentary suggesting the asset may not represent value even at that level. The decline reflects broader risk-off dynamics in digital assets and stands in contrast to resilient equity index levels.
Sterling firmed against a weaker dollar following a soft U.S. employment report, while the Sentix survey showed euro zone investor sentiment moving into positive territory in August.
Japan recorded its first current account deficit in nearly a year and a half, while BOJ minutes showed policymakers discussed a faster pace of rate hikes and executives pressed for currency stability.