Yen came under renewed and intense pressure during Asian session, as domestic equities surged more than 3% to new record highs following the market reopening. The catalyst behind the equity rally — and Yen’s decline — remains growing conviction that Japanese Prime Minister Sanae Takaichi is preparing to call a snap general election in February. […]
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It is reported that she has conveyed to a ruling party executive of her intention to dissolve parliament’s lower house, which could set up for a snap election in either early or the middle of February. The next ordinary Diet session is scheduled for 23 January and that is the timing in which Takaichi is
US mutual funds slash short euro positions at record pace – FX Markets Skip to main content End of drawer navigation content Counterparty Radar: Pimco cut $4.6bn of EUR/USD puts in Q3 amid changing stance on dollar direction US mutual fund and exchange-traded fund managers cut $7 billion of euro/US dollar FX options positions during
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The Australian Dollar declines against the US Dollar on Tuesday following the release of Australia’s Westpac Consumer Confidence, which fell 1.7% month-over-month (MoM) in January to a three-month low of 92.9, extending December’s sharp 9.0% drop amid shifting rate expectations. Reserve Bank of Australia (RBA) Governor Michele Bullock is expected to comment on concerns over
Summary: Nikkei and Topix surge to record highs Markets play catch-up with Wall Street rally Early election speculation boosts fiscal hopes Weak yen lifts exporters; Katayama comments fade Global risk appetite outweighs Fed concerns Japanese equities surged to record highs on Tuesday as markets played catch-up with Wall Street’s recent rally and investors leaned into
Gold Price (XAU/USD) jumps to near $4,600 during the early Asian session on Tuesday. The precious metal extends the rally after retreating from a fresh record high of $4,630 in the previous session amid uncertainty and geopolitical risks. The US Consumer Price Index (CPI) inflation data for December will take center stage later on Tuesday.
Things will get quite busy in the next 24 hours. Today’s evening session will start with a speech from the very influential NY Fed Williams at an International Economics event (look for clues regarding the upcoming Rate Decision and his views for 2026). For the rest, mid-tier data for Australia, Japan, and the UK between
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The U.S. Treasury will auction $39 billion of 10 year note of the top of the hour. The six-month average as of the major components will be compared to the actual results to determine relative strength or weakness of the auction. The 6 month averages shows: Tail 0.1 basis points Bid to cover 2.51X Directs
Nomura has hired Mark McMillan as its global head of electronic foreign exchange, based in London. In the newly created role, McMillan will oversee the bank’s electronic FX business, encompassing trading, sales, quant and strats, according to an internal memo seen by FX Markets. Chris Torrington, global head of eFX trading and Ben Robson, global
Federal Reserve Chair Jerome Powell revealed on Sunday that the U.S. central bank has been served subpoenas by the Department of Justice that threaten criminal charges, raising concerns that the Trump administration is trying to undermine the institution’s independence. “On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a
SanDisk (NASDAQ: SNDK) surged over 1000% since its IPO last year and it shows no signs of slowing. Today, we decode the Elliott Wave structure behind its powerful breakout. Consequently, our analysis charts a precise path to higher targets. This technical blueprint reveals a compelling setup fueled by pure momentum. Elliott Wave analysis SNDK rallied
(Partial video transcript) This week’s trading opportunity What I would like to do this week is to go short Brent crude oil. Now, there are several reasons. One is that the rally we saw the last few days because of heightened geopolitical tensions, in my opinion, is going to soon start to fizzle out, and that the
With the economic calendar nearly empty, markets are fixated on the escalating political risk surrounding Fed Chair Jerome Powell, who is now under federal criminal investigation linked to the renovation of the Fed’s headquarters and his congressional testimony on the matter. The move has taken markets by surprise, particularly given that Powell’s term as Fed
Bitcoin looks lacklustre Since the beginning of 2026, Bitcoin has traded in a more measured and nuanced environment, shaped by macroeconomic uncertainty, evolving institutional participation and shifting investor sentiment. Rather than extending the sharp correction seen at the end of last year, Bitcoin has settled into a broad consolidation phase, with prices oscillating mainly between the
