The USD/JPY pair softens to near 142.25 in a thin trading volume session on Friday. The US Dollar (USD) edges lower against the Japanese Yen (JPY) amid concerns over the economic impact of tariffs.
The long end of the Treasury bond market is in danger of breaking down to the point that yields are on the verge of erupting higher. This is what debt spirals are made of.
Liquidity is likely to dry up quickly after the ECB meeting, which is widely expected to result in a quarter-point cut, ahead of tomorrow's holiday for much of Europe and North America.
Asian markets saw a slight uptick, while the yen weakened as investors responded positively to the initial round of trade talks between the US and Japan.
Dollar index it's not at the lows, so there’s a possibility of another and final drop toward the 98.00–98.50 area before the market turns up into a higher-degree correction by Elliott wave theory.
The Japanese Yen (JPY) retains its negative bias through the Asian session on Thursday against a broadly recovering US Dollar (USD) as a generally positive risk tone is seen undermining demand for traditional safe-haven assets.
The GPIF — the world’s largest pension whale — just dropped a geopolitical bombshell, quietly removing China A-shares from its foreign equity benchmark.
