Market News

Bank of Japan officials, led by Deputy Governor Himino, begin a week of public appearances testing the market’s bet on a September rate hike.

Fed Chair Kevin Warsh delivers his first Jackson Hole keynote Friday, just weeks before a September FOMC decision markets see as a coin flip.

USD/JPY held steady near 159 as accelerating Japanese inflation strengthened the case for a near-term Bank of Japan rate hike.

EUR/USD extended its advance to a fourth straight session near 1.1680, supported by dollar weakness and easing Eurozone inflation expectations.

Gold surged past $4,600 an ounce to a fresh three-month high, up nearly 5% for the week on sustained dollar weakness.

Gold pushed above $4,500 an ounce for a third straight weekly gain, driven by safe-haven demand and Iran-linked oil price risk.

A surprise drop in US jobless claims to 206K sparked short-covering in the dollar after it hit a three-month low.

The US Treasury doubled its longer-dated bond buybacks, sending yields and the dollar lower while gold and bitcoin rallied.

The dollar drew safe-haven demand as global stocks fell for a third session and bond yields surged to multi-decade highs.

USD/JPY has climbed back to a two-week high near 159.6, giving back roughly half the gains from last month’s coordinated US-Japan intervention.