[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.
Newsquawk Staff ·
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.
What it means
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. Traders should closely watch the upcoming US CPI release, as it may impact expectations around future Fed policy and further influence currency movements.
- Advanced Micro Devices Inc. (AMD) Q3 2026 (USD): Adj. EPS 2.09 (exp. 1.95), Revenue 13.4bln (exp. 13.1bln)
- Super Micro Computer Inc. (SMCI) Q1 2027 (USD): Adj. EPS 1.81 (exp. 1.20), Revenue 19.9bln (exp. 16.02bln)
- Amgen Inc. (AMGN) Q3 2026 (USD): Adj. EPS 6.45 (exp. 5.79), Revenue 10.4bln (exp. 10.07bln), Adj. operating income 4.7bln (exp. 4.33bln)
- [MARKET UPDATE] Crude benchmarks sink on reports that the US and Tehran have made concessions related to the Iranian nuclear program and frozen funds; Brent Jan'27 has slipped beneath USD 102/bbl
- [MARKET UPDATE] US indices slide throughout the US afternoon as tech/AI weakness resumes despite optimism on US/Iran diplomacy; NDX -1.3% with the tech sector -2.6%, but RSP +0.75% and majority of sectors gaining, showing positive breadth
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