The yen has tentatively stabilized for now at ¥160 per US dollar as markets await the authorities' reaction, including the mix of fx intervention, rate hikes, depreciation, and other policy adjustments.
#economy#japan#yen#markets#fx
@EmanuelDerman@FT I do remember that back in the spring of 2023, I was hanging with my brother and sister-in-law in Greenwich Village when Silicon Valley Bank hit the wall. I confess I was very surprised at what happened: As things unfurled, I thought that the resolution would be that 30... 1/
Stocks, bonds, #gold + #silver sank Friday as US jobs data blew past forecasts, driving Fed rate expectations higher and erasing what was left of gold's 2026 price gains >> https://t.co/HCYPIKTkFw
Maybe it's beacuse the UK has much larger occupational pensions.
Often provided by the state (NHS, Teachers etc.) and always subsidised by the state (tax releif)
But no, let's blame billioniare tax exiled newspaper owners 🤦♂️
Gold investing sentiment in the UK rallied in May, edging higher from this spring’s dramatic Iran war slump as private investors bought the precious metal at lower prices using world-leading precious metals platform @BullionVault.
https://t.co/5ekqV4AkDp
Oil up, #gold down again as #silver also see-saws with #inflation + interest-rate expectations amid widening Middle East, Ukraine-Russia and AI-chip trade wars >> https://t.co/0vhiTHSL3B
New! #gold investing sentiment has fallen hard in the Iran war so far, but it's well above average as investors also buy #silver >> https://t.co/FneFJ5jY60
Rally in #gold fades as Israel and Hezbollah defy Trump's ceasefire claims, India's seen joining the Iran War gold sellers, ECB calls gold the No.1 reserve asset >> https://t.co/tzUlwsLcWx
Japan's official FX intervention in May swamps anything in recent history by a huge margin, even as the Yen has fallen back to where it was before intervention. Definition of insanity is doing the same thing over and over and hoping for a different result.
https://t.co/reEY3Tj3pl
Price of #gold slides $135, crude oil up 5.3% as fresh US-Iran fighting also curbs new record highs in the AI-fuelled stock market >> https://t.co/KJf8uhu5b0
Gold headed for a weekly gain Friday $150 above new 2-month lows as oil fell on US-Iran talks and China's price rallied >> #gold#goldprice#oil https://t.co/1ZQ9Jp8EMJ
By launching a gold-clearing system in the next couple of months, Hong Kong is set to secure first-mover advantage in a push to become Asia’s preeminent hub for bullion trading https://t.co/ia78GdHDnv
Very unusual day and a break from recent asset correlations
Gold down
Oil down
Stocks down
Volatility down too
Can’t even blame the Fed. 2y yields are flat.
Price of #gold sinks near $4400, snaps inverse link to oil as rate expectations drop on US-Iran talks, analysts revise central-bank buying and 2026 forecasts >> https://t.co/qZRQVbwZIh