Only gold and oil will spike, since it was a failed attempt it will be a non event in the market after Asian session, but market will be slightly more risk averse after this no doubt. I expect increased amount of volatility for sure over upcoming ...

Shots reported during Trump rally in Pennsylvania

Yes. Until boj rate hikes there is no reason for people to hold jpy unless is speculative

Japan's Kanda: I won't say if we intervened

They can't actually commit to say that they have intervened on comments as that's manipulation of the market, so they are playing a good game of word salad, typical from any central bankers

Japan's Kanda: I won't say if we intervened

"MARKET SHOULD DETERMINE FX LEVELS" - Suzuki is not contacting with the real world, the market was determining your FX levels and deemed JPY to be worth nothing more than toilet paper

Japan Finance Minister Suzuki says rapid FX moves are undesirable

if PPI comes soft (usually less important than CPI) there will be another dump for sure, nowheere near as big but there will be one, if PPI comes hotter than expected, then it will be absolute Mayhem

Strong suspicions of BOJ intervention looking at that USDJPY chart...

Today's move isn't anywhere near what needs to happen. JPY would need to go another 10 - 15% to actually rebalance to the start of this year

Strong suspicions of BOJ intervention looking at that USDJPY chart...

They waited for those CPI numbers to have the most effect. Smart.

Strong suspicions of BOJ intervention looking at that USDJPY chart...

If you look at Index of services and trades of goods balance they are showing inflationary pressure of the services sector is causing the gdp to rise, not genuine growth from manufacturing etc. It's very much like the US economy, smoke and mirrors.

GDP monthly estimate, UK: May 2024

Correct not once when Labour was in power, UK was better off.

Left heading for shock victory in French election — first estimates

It's literally a fake alliance... they pulled out 220 candidates from elections for the left to win, but the way they won, none of them want coalition which means hung parliament and it's a disaster for France

Left heading for shock victory in French election — first estimates

Holy shit that downward revision is crazy and +75k government jobs, US is at standstill officially. May revised down April revised down Total jobs revised on those months -100k Part time jobs added 50k... yeah this is a disaster.

The US Employment Situation -- June 2024

Big disappointment in services whilst prices are still expanding...

US Services PMI at 48.8%; June 2024 Services ISM Report On Business

People are calling their bluff, it worked every time pretty much hahah, even that intervention a few months ago did nothing.

Japan top currency diplomat Kanda: I am seriously concerned about the recent rapid weakness in...

I am surprised that melon head is still awake, if this was happening in Europe, there would be riots and all those BOJ members would be on a stake.

Japan top currency diplomat Kanda: I am seriously concerned about the recent rapid weakness in...

BOJ is full of shit, always have been. Especially in the last 10 years. They will most likely wait until the end of the month where the market is illiquid, and reduce bond purchases and buy trillions of Yen.

Japan to respond appropriately to excessive yen volatility, official says

Nobody in their right mind will want to invest into the Chinease property market right now. Whilst the prices are falling and the government keeps pumping more and more money, inflation will rise again due to increase of money supply, eroding more ...

China Home-Price Slump Accelerates Despite More Stimulus

Imagine when a concert has the ability to reignite inflation, just shows how fragile UK economy is at the moment from the money printing they did back in 2020.

Taylor Swift’s London Eras Tour could delay Bank of England rate cut, analysts say

ECB already forfeited by doing rate cuts

ECB's Nagel: The right moment for full rate descent hasn't yet come

Stagflation confirmed

The US Employment Situation -- May 2024

I think we have US going into hard landing, pretty bad numbers 2 months in a row now

US Unemployment Insurance Weekly Claims Report