[MARKET UPDATE] USD/JPY gradually dips under 158.00 (vs high 158.21), with some participants on intervention watch around these levels. Note: Japan is also on holiday, thus volumes from the region likely lower

The recent dip in USD/JPY below 158.00 suggests growing caution among market participants, particularly with intervention discussions becoming a focal point at these levels.

Newsquawk StaffPublished On the live feed at 12 more headlines followed before this page went public
Newsquawk headlinesUTC

PBoC is expected to set USD/CNY mid-point at 6.9849 (prev. 7.0128)

US President Trump says the military is considering very strong options on Iran

[MARKET UPDATE] USD/JPY gradually dips under 158.00 (vs high 158.21), with some participants on intervention watch around these levels. Note: Japan is also on holiday, thus volumes from the region likely lower

[MARKET UPDATE] Spot XAU breaks to a new ATH, currently at USD 4554/oz, amid tensions in Iran and recent US data

Federal prosecutors have opened up a criminal investigation into Fed Chair Powell over the central bank’s renovation of its Washington headquarters and whether Powell lied to Congress about the scope of the project, NYT reports citing officials

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.

Free. No signup, no card.
Context

Given that Japan is on holiday and trading volumes are reduced, this may amplify price movements, making it crucial to monitor any official responses if the yen continues to weaken.

Related headlines

The whole workspace, free to try.

Try it free