The EUR/JPY pair corrects to near 184.00 during the Asian trading session on Tuesday from its all-time high of 184.92 posted the previous day. The pair retraces as comments from Japan Finance Minister Satsuki Katayama signaling a likely intervention by the administration against one-way depreciation in the Japanese Yen (JPY) have provided it some cushion. Japanese Yen Price Today…
The latest move in USD/JPY has pushed momentum into overbought territory just as price pulls back from recent highs. This development hints at a possible shift in short-term sentiment after an extended climb. If you’re looking for mean-reversion or exhaustion setups, you may find this a timely signal to reassess risk. What MarketMilk Has Detected MarketMilk has detected that…
Summary USD/JPY has fallen below 156.50 as the yen extended recent gains. Atsushi Mimura expressed deep concern about “one-sided, sudden” FX moves in comments Monday. Mimura flagged readiness to act against excessive volatility. Finance Minister Katayama emphasised Tokyo’s “free hand” to counter speculative swings in comments later on Monday. The Japanese yen continued to strengthen on Tuesday, with the…
GBP/USD found room on the high side on Monday, kicking off a holiday-shortened trading week with a fresh spat of Greenback weakness, bolstering the Pound Sterling (GBP) into its highest bids in ten weeks. Pound traders are largely brushing off the latest interest rate cut from the Bank of England (BoE) as the UK’s central bank policy strategy leaves…
Summary MUFG says sustained franc strength could force the SNB to respond with negative rates or intervention. Falling oil prices in 2026 could add disinflationary pressure in Switzerland. Negative rates would make the franc more attractive as a funding currency. Fed independence concerns may continue to support CHF against the dollar. Progress on Ukraine peace talks could cap franc…
Gold (XAU/USD) rallies over 2% on Monday, reaching a record high of $4,442 amid rising geopolitical tensions and expectations that the Federal Reserve (Fed) will continue to reduce interest rates next year, pushing US Treasury yields lower. At the time of writing, XAU/USD trades at $4,435 after jumping off daily lows of $4,338. Bullion jumps over 2% as Middle…
Summary Treasury Secretary Bessent flagged possible changes to the Fed’s inflation framework and communications. Said Kevin Miran could return to the White House by February or March, aligning with a likely Fed chair decision. Bessent indicated support for an inflation target range, but only once inflation is back at 2%. He floated the idea that a new Fed chair…
Here is what you need to know on Tuesday, December 23: Expectations for a dovish Federal Reserve (Fed) monetary policy path into 2026 weigh on sentiment. The US Dollar Index (DXY) trades around 98.30, retreating after climbing to a one-week high on Friday. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against…
The US treasury auctioned off $69B of 2-year notes at a high yield of WI level at the time of the auction 3.496% Tail +0.3 basis points vs 6 month average of -0.4 bps Bid to cover 2.54Xvs 6 month average of 2.61X Directs 34.1% vs 6 month average of 31.7% Indirects 53.2% vs 6 month average of 57.1%…
The Dow Jones Industrial Average (DJIA) gained ground on Monday, heading into the Christmas holiday schedule on the front foot as equity markets tilt into the bullish side to wrap up the trading year. Stocks tied to the AI trade rose, with big boosts coming from both the financial and materials sectors. Stocks rally to wrap up 2025 Equity…
