Traders are reluctant to push the yen beyond the key 160 level against the dollar in the face of the risk of intervention by authorities to prop up the currency. The yen edged lower to just shy of 160 per dollar on Wednesday morning, hitting its weakest level since authorities intervened in late April. The move comes despite Japan’s record ¥11.73 trillion ($73.35 billion) of spending from April 28...
Traders are reluctant to push the yen beyond the key 160 level against the dollar in the face of the risk of intervention by authorities to prop up the currency. The yen edged lower to just shy of 160 per dollar on Wednesday morning, hitting its weakest level since authorities intervened in late April. The move comes despite Japan’s record ¥11.73 trillion ($73.35 billion) of spending from April 28 to May 27 to support the currency. Finance Minister Satsuki Katayama reiterated on Wednesday that authorities are prepared to respond to foreign exchange moves as needed at any time. “As dollar-yen approaches the 160 threshold, intervention concerns intensify rapidly, setting off a psychological battle in the market,” said Tsutomu Nakamura , an analyst at Gaitame.com Research Institute. But “a test of 160 could come at any time.” Pressure on the yen mounted as negotiations over a permanent US-Iran ceasefire show little sign of a breakthrough. The wide rate gap between the US and Japan is also weighing on the currency after the Bank of Japan held rates steady in April. BOJ Governor Kazuo Ueda is scheduled to deliver a speech at 5:30 p.m. Wednesday in his last scheduled appearance before the central bank’s board rate setting meeting on June 16. Overnight index swaps show about a 84% chance of a rate hike this month. “A June hike isn’t fully priced in so if Ueda makes comments that lead markets to price it in, that should provide some support for the yen,” said Kumiko Ishikawa , a senior analyst at Sony Financial Group. “But if his remarks are viewed as dovish, dollar-yen could rise sharply, so markets are watching the speech closely.”
Apple (NasdaqGS:AAPL) is expected to introduce a rebuilt AI powered Siri, co developed with Google Gemini, at WWDC 2026. The AI Siri launch is described by many investors and analysts as a key moment for Apple's artificial intelligence positioning and product strategy. Apple is also preparing an iPhone bill splitting feature that embeds peer to peer payments directly into iOS, targeting usage simi...
Apple (NasdaqGS:AAPL) is expected to introduce a rebuilt AI powered Siri, co developed with Google Gemini, at WWDC 2026. The AI Siri launch is described by many investors and analysts as a key moment for Apple's artificial intelligence positioning and product strategy. Apple is also preparing an iPhone bill splitting feature that embeds peer to peer payments directly into iOS, targeting usage similar to Venmo and Splitwise. Both initiatives are designed to deepen user engagement in the Apple...
Galeanu Mihai/iStock via Getty Images By Padhraic Garvey, CFA , Regional Head of Research, Americas and Michiel Tukker , Senior UK & Eurozone Rates Strategist US Treasuries still holding at just under 4.5%, and still sticky In the past number of weeks, we've been opining on long-dated real rates as a factor of significance for bond markets, primarily here . There is a link, even if seemingly tenuo...
Galeanu Mihai/iStock via Getty Images By Padhraic Garvey, CFA , Regional Head of Research, Americas and Michiel Tukker , Senior UK & Eurozone Rates Strategist US Treasuries still holding at just under 4.5%, and still sticky In the past number of weeks, we've been opining on long-dated real rates as a factor of significance for bond markets, primarily here . There is a link, even if seemingly tenuous, with the ongoing technical and productivity revolution being discounted in the risk asset space. It's not easy to glean this from the ups and downs in bond yields through business cycles, but it's certainly there. Below we update similar from a eurozone perspective. And we assert further that this is a factor of global influence. But note, at the same time, that such talk is all very well while economies are doing okay. Face into a recession, and real rates will fall, regardless. Notwithstanding that, they should be higher than normal and certainly well above the ultra-low real rates seen post the GFC/pandemic periods. It's a key focus to be cognisant of, rather than a simple Strait-induced hyper focus on inflation expectations. In fact, longer-term inflation expectations are reasonably well contained (the European 10yr inflation breakeven is 2.2%, and the US version is 2.4%). In fact, these are likely too benign and risk underestimating medium-term inflation risks. Either way, it leaves long tenor rates sticky at elevated levels. Keep an eye on real rates as structural forces cannot be ignored Inflation is clearly the current driving force behind euro rates, but the dynamics behind real rates should also not be forgotten when looking over a longer horizon. When we look at the 10Y euro implied real rate, we are close to the starting point from before the rise in oil prices. But when we take a longer view, we see that 10Y real rates have risen significantly since 2024. The German spending announcement was an important event, triggering an immediate jump of c.25bp. Part o...
(RTTNews) - Australian shares are trading notably higher on Wednesday, reversing the slight losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,750 level, following the broadly positive cues from Wall Street overnight, with gains in mining and energy
(RTTNews) - Australian shares are trading notably higher on Wednesday, reversing the slight losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,750 level, following the broadly positive cues from Wall Street overnight, with gains in mining and energy
Shares of Marvell Technology (NASDAQ: MRVL) soared to a record high on Tuesday after Nvidia CEO Jensen Huang said the chipmaker was on its way to becoming a vastly more valuable business. Image source: Getty Images. Marvell has a lucrative custom chip design business. The semiconductor maker's application-specific integrated circuits (ASICs) help to accelerate artificial intelligence (AI) workload...
Shares of Marvell Technology (NASDAQ: MRVL) soared to a record high on Tuesday after Nvidia CEO Jensen Huang said the chipmaker was on its way to becoming a vastly more valuable business. Image source: Getty Images. Marvell has a lucrative custom chip design business. The semiconductor maker's application-specific integrated circuits (ASICs) help to accelerate artificial intelligence (AI) workloads in cloud data centers. Continue reading
(RTTNews) - The China stock market on Tuesday ended the two-day losing streak in which it had slipped more than 40 points or 1 percent. The Shanghai Composite Index now sit just above the 4,075-point plateau and it may extend its gains on Wednesday.
(RTTNews) - The China stock market on Tuesday ended the two-day losing streak in which it had slipped more than 40 points or 1 percent. The Shanghai Composite Index now sit just above the 4,075-point plateau and it may extend its gains on Wednesday.
All the latest results and updates as New Jersey, South Dakota, New Mexico and Montana also vote in primaries California elections: governor, LA mayor and Congress at stake Sign up for the Breaking News US email Voters in Maine won’t head to the polls until next week, but the state’s primary election has been shaken up by recent news about Senate hopeful Graham Platner. According to information hi...
All the latest results and updates as New Jersey, South Dakota, New Mexico and Montana also vote in primaries California elections: governor, LA mayor and Congress at stake Sign up for the Breaking News US email Voters in Maine won’t head to the polls until next week, but the state’s primary election has been shaken up by recent news about Senate hopeful Graham Platner. According to information his wife shared with his campaign last year, Platner exchanged sexually explicit texts with other women during his marriage, the New York Times and the Wall Street Journal reported, and which the Guardian has confirmed. Graham Platner met on Tuesday with Democratic leaders in Washington DC as the embattled Maine Senate candidate contends with yet another revelation threatening his campaign, which is at the center of his party’s hopes of regaining control of Congress. Platner did not respond to questions from reporters and quickly entered a waiting car as he exited the meeting, which stretched for more than an hour and a half at the headquarters of the Democratic Senatorial Campaign Committee (DSCC). A spokesperson for the DSCC did not respond to a request for comment. Continue reading...