Japan Intervention Risks Rise

USD/JPY stays above 160.00 The Japanese yen remains under pressure, with USD/JPY hovering above 160.00. The currency pair has been at these levels since last week, with traders awaiting a catalyst to drive it higher. A 25 bps rate hike by the central bank h

FOMC Awaits Kevin Warsh’s Debut

Preliminary US-Iran agreement sparks relief rally A preliminary US-Iran agreement to reopen the Strait of Hormuz has ended the 4-month conflict. This agreement sparked a powerful relief rally across global markets. The FOMC presser will be closely watched for Kev