USD/JPY Slides Toward 155 as GPIF Speculation Fuels Yen Rally
USD/JPY broke decisively through 157.99 to around 156, bringing the 155 area back into range, as Yen's rally gathers fresh momentum from speculation that Japan's roughly $2 trillion GPIF could raise its domestic bond allocation, on top of an already-hawkish BoJ repricing. At the same time, Brent climbed to an intraday high around $97.62, its strongest level in six weeks, as the US-Iran conflict shows signs of extending well beyond 2026.
Silver’s Correction Has Reached Its Line in the Sand—What Happens Next?
Silver has rebounded from 63.27 as the macro pressures behind its selloff simply stopped worsening, not reversed — leaving the 62.54–62.92 support cluster as the line that decides whether this is the start of the next leg higher or just a pause before deeper support is tested.
USD/JPY Tumbles Under the Shadow of Intervention, Faces Asymmetric NFP Test
USD/JPY has tumbled from 160.38 through 158, not because of actual intervention but because fear of a repeat is shaping trader psychology near 160 — a fear reinforced by rapidly repricing BoJ tightening expectations, setting up an asymmetric test for Friday’s NFP.
Oil Sets the Tone, Central Banks Pick the Winners as Yen Surges and NZD Sinks
Today's themes:
Oil: Brent spiked to an intraday high of $97.04 before retreating, keeping inflation and yield risk elevated across markets without yet confirming...
