Yen weakness shadows G20 as Katayama, Ueda head to Asheville talks
Yen slide towards 160 keeps markets alert for G20 signals on possible joint intervention by Japan and US.
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Yen slide towards 160 keeps markets alert for G20 signals on possible joint intervention by Japan and US.
Asian markets traded narrowly, with Tokyo CPI beating forecasts and oil slipping, as investors await Fed Chair Warsh's speech.
Only seven vessels transited the Strait of Hormuz, down from 17, as disruption continues with no end in sight to the US-Iran standoff.
Credit Agricole's month-end rebalancing model suggests light dollar selling, contrasting with BofA's view of mild dollar support.
Key FX option expiries on August 28 include EUR/USD at 1.1650 and USD/CHF at 0.8000, with focus on Fed Chair Warsh's speech.
Germany's import prices rose 0.2% in July from June, with annual inflation quickening to 6.8% driven by energy costs.
European inflation data and Fed Chair Warsh's Jackson Hole speech are the key events today. Markets await his stance on financial conditions.
Cathie Wood’s ARKK has underperformed Bitcoin and the S&P 500 since its 2014 launch, with cumulative returns of 318% versus 23,214% and 367%.
Brian Armstrong appeared on a right-wing podcast to criticize California's wealth tax and renew threats to leave, making false claims.
Spain's August preliminary CPI rose to 4.3% y/y, above the 4.2% forecast, with fuel costs driving the surge. Core inflation eased to 2.9%.