Is USD/JPY intervention back on the table?

Daily Pivots: (S1) 0.6949; (P) 0.6987; (R1) 0.7034; More… Intraday bias in AUD/USD stays neutral at this point, with focus on 0.6943 support. Decisive break there should confirm rejection by 0.7206 key fibonacci resistance. That would set up deeper correction to the whole up trend from 0.5913, and target 38.2% retracement of 0.5913 to 0.7187…

Markets: Gold down $20 to $2496 US 10-year yields down 1.4 bps to 3.72%, 2-year yields down 9.3 bps to 3.65% WTI crude oil down $1.07 to $68.08 S&P 500 down 1.7% JPY leads, AUD lags Non-farm payrolls Friday lived up to the hype, though it wasn’t exactly straightforward. The kneejerk reaction to the report…

Stocks rallied first on Wednesday afternoon, with the S&P 500 (US500) and Dow Jones (US30) rising to new record highs and the NASDAQ (US100) rising to a 3-week-high. The FOMC’s decision on Wednesday to cut the target range for the federal funds rate by 50 bps and project another 50 bps rate cut before the…

The recent election results in India, contrary to exit poll expectations, have stirred up market dynamics, prompting a surge in volatility and a potential shift in risk perception. Here’s a breakdown of Citi Research’s analysis and initial reflections on the implications: 1. Valuation Volatility: The disparity between exit polls and actual outcomes may lead to…

Peel Hunt reported a 5% year-on-year increase in revenue, despite challenging market conditions in the second half of its financial year, in a trading update released Tuesday. The UK investment bank said full-year revenue for the year ended 31 March 2025 is expected to be approximately £90 million, up from £85.8 million in FY24.  However,…