[MARKET UPDATE] USD/JPY eclipses 159.00 to a 159.04 peak as the "Takaichi trade" extends. Potential intervention in focus; reminder, US CPI at 13:30GMT.
The USD/JPY's rise above 159.00 highlights the ongoing strength of the "Takaichi trade," which could lead to potential Japanese government intervention to stabilize the yen.
Japan's government is reportedly likely to delay the nomination of a BoJ board member if PM Takaichi calls an election, via Reuters citing sources
[MARKET ANALYSIS] The "Takaichi trade" resumes amid reports of an early Japanese election
[MARKET UPDATE] USD/JPY eclipses 159.00 to a 159.04 peak as the "Takaichi trade" extends. Potential intervention in focus; reminder, US CPI at 13:30GMT.
Global central banks are reportedly drafting a statement in support for Fed Chair Powell
Iran's Foreign Minister says Tehran is ready for any action by the US, including military action
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
Traders should closely watch the upcoming US CPI release, as it may impact expectations around future Fed policy and further influence currency movements.
Related headlines
- [MARKET UPDATE] Action seen after US CPI has reversed, with XAU above pre-data levels, USD under pressure while fixed income and equity futures have entirely reversed the move and are extending to the upside2 days ago
- Astra Zeneca (AZN LN) Serena 4 trial (Phase 3) did not meet primary endpoint of PFS for treatment of Breast Cancer 1 day ago
- Saudi Foreign Ministry, in response to targeting of East-West Pipeline, "the Kingdom has chosen not to retaliate at this stage and to support the efforts of the Iraqi government" to allow Iraq to take measures to prevent attacks from its territory1 day ago
- Saudi Arabia has signaled a potential willingness to launch a major unilateral military operation against the Houthis, though Riyadh has not yet reached a final decision, according to ABC1 day ago
- ECB's Lane says if the climb in energy prices persists, maybe it will hit consumption in the Autumn, but remains an uncertain issue2 days ago
- Situational Awareness builds relationships with new brokers as it attempts rebound, reports FT; is rebuilding large trading positions in stocks such as AMD (AMD), Intel (INTC), SK Hynix (SHY), Sandisk (SNDK) and Coreweave (CRWV)2 days ago
- A high-ranking Iranian security and political source told Al Mayadeen that contrary to claims and intimidation tactics, US President Trump is seeking to return to negotiations with Iran2 days ago
- US White House is reportedly weighing how to use Defense Production Act to expand US refining capacity to help with fuel price spikes, according to reports2 days ago
- Saudi Arabian oil pipeline system hit by projectiles triggering fires, CNN reports, citing sources2 days ago
- US Michigan Consumer Sentiment Prel (Sep) 47.8 vs. Exp. 51 (Prev. 51.7)2 days ago
- Iran's Foreign Ministry says "planning to hold a regional meeting with the participation of the Persian Gulf coastal countries"2 days ago
- Yemen’s armed forces say maritime navigation is safe for all companies except Saudi vessels, which are subject to a blockade, and vow to continue striking Saudi troop buildups and escalating until the aggression and blockade on Yemen end2 days ago
- US CPI Annualised (Aug):2 days ago
- US CPI Core Goods and Services + Supercore (Aug):2 days ago
- US Core CPI (Aug YY) 2.4% vs. Exp. 2.4% (Prev. 2.5%)2 days ago
- US Core CPI (Aug MM) 0.3% vs. Exp. 0.2% (Prev. 0.2%)2 days ago
- US CPI (Aug MM) 0.4% vs. Exp. 0.4% (Prev. 0.1%)2 days ago
- US CPI (Aug YY) 3.4% vs. Exp. 3.4% (Prev. 3.4%)2 days ago
- ECB's Makhlouf says hiking much more could hurt economic growth and highlights that a longer Iran war risks keeping inflation elevated2 days ago
- SNB Chairman says the CHF exchange rate remains a challenge for the Swiss economy, but the real franc has been broadly stable since 20202 days ago
The whole workspace, free to try.
Try it free