USD/JPY stays heavy at week open; technicals show downside bias
USD/JPY trades at 155.60, down 0.4%; technicals remain bearish with key support at 155.00.
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USD/JPY trades at 155.60, down 0.4%; technicals remain bearish with key support at 155.00.
USD/JPY has a notable option expiry at 155.75 on 7 September, with intervention risks dominating trading.
Germany's industrial production fell 1.1% in July, missing expectations, led by a 9.2% auto sector decline.
Goldman Sachs strategist Timothy Moe holds a 12,000 KOSPI target, requiring a 74% rally, as he bets on strong earnings from Samsung and SK Hynix.
German industrial production fell 1.1% in July, sharply missing forecasts, driven by auto sector slump.
Bitcoin ETFs attracted $986.9 million in the week ending Sept. 4, while inflows into Ethereum, Solana, XRP, and Hyperliquid funds fell sharply.
US markets closed for Labor Day, leading to thinner liquidity and potential exaggerated price moves. Key inflation data due later this week.
Liquid Network's bridge was drained of ~4,000 BTC by attackers claiming to be white hats. Ledger's CTO doubts the claim, comparing it to the Ronin hack.
Bloom Energy shares have climbed 52% since a Pelosi household purchase in July; the fuel-cell company also will join the S&P 500.
Grayscale's Zcash ETF held $463.2M in assets as ZEC hit $1,185, up 11% in 24 hours.