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The post Japanese Yen: Oil shock weighs JPY against US Dollar – Scotiabank appeared on BitcoinEthereumNews.com. Scotiabank strategists Shaun Osborne and Eric Theoret highlight renewed weakness in the Japanese Yen (JPY), which is underperforming G10 peers and threatening fresh multi-decade lows as USD/JPY trades at levels last seen in 1986. They stress that surging Oil prices are a clear downside risk via Japan’s terms of trade, while the chart offers little guidance on resistance after the recent powerful rally. Multi-decade highs and downside risks “The yen is soft, down 0.2% vs. the USD and underperforming most of the G10 currencies into Wednesday’s NA session.” “The renewed weakness is worrisome following last week’s failed recovery and the yen looks to be threatening a break to fresh multi-decade lows.” “The latest resurgence in geopolitical tensions presents a clear downside risk for the yen, as surging oil prices deliver a crushing blow to Japan’s terms of trade.” “The USD/JPY ch
Read full articleRising interest rates could dampen economic growth, affect investment strategies, and alter market dynamics, impacting various sectors globally. The post Federal Reserve weighs rate hikes amid inflation risks from tariffs, oil, and AI investment appeared first on Crypto Briefing.
The post Gold slips as Trump’s Iran warning lifts US Dollar appeared on BitcoinEthereumNews.com. Gold (XAU/USD) price dives over 1.30% on Wednesday as tensions in the Middle East bolstered the Greenback after US President Donald Trump said that the agreement to end the war with Iran was “over.” At the time of writing, XAU/USD trades at $4,059 after hitting a four-day low of $4,021. XAU/USD falls as Oil spike revives Fed tightening risks The yellow metal is feeling the strength of the US Dollar (USD) and also of rising US Treasury yields. US President Trump’s doubts about making a deal with Iran increased the chances of a resumption of attacks, exerting pressure on Oil prices. Western Texas Intermediate (WTI), the US crude Oil benchmark, gains over 3%, with the barrel quoting at $74.50 at the time of writing. This boosted the Greenback as high energy prices pose the risk of high inflation, fueling bets for higher interest rates. The US Dollar Index (DXY), which tracks the buck’s perform
The post Japanese Yen falls near multi-decade lows appeared on BitcoinEthereumNews.com. USD/JPY trades higher near 162.50 on Wednesday, after nearing a four-decade high earlier in the day, as the US Dollar (USD) remains supported by geopolitical risk and caution ahead of the Federal Open Market Committee (FOMC) Minutes. The Japanese Yen (JPY) remains under pressure near multi-decade lows, keeping traders alert to possible intervention from Japanese authorities. Support for the Greenback increased after United States (US) President Donald Trump announced that the interim memorandum of understanding with Iran was “over,” indicating his unwillingness to engage with Tehran. This statement boosted safe-haven demand for the USD and caused a rise in oil prices, which heightens concerns over inflation and global risk sentiment. The focus now shifts to the FOMC Minutes from the meeting held on June 16-17, which was the first under Fed Chair Kevin Warsh. If the tone is hawkish, it could reinforc
The end of the ceasefire heightens geopolitical tensions, impacting global markets by increasing oil prices and destabilizing crypto assets. The post Trump declares Iran ceasefire ‘over’ as crypto markets slide and oil surges appeared first on Crypto Briefing.
The post US Dollar: Fed repricing after hawkish pivot – Scotiabank appeared on BitcoinEthereumNews.com. Scotiabank strategists Shaun Osborne and Eric Theoret report that the US Dollar (USD) is trading mixed as renewed Iran tensions hit risk appetite, with stocks falling and Oil (Brent) jumping 6%. They argue markets are overreacting to June’s hawkish Federal Open Market Committee (FOMC) pivot, noting Chair Warsh’s criticism of the dots and his reluctance to front-run Federal Reserve (Fed) reform task forces, while 37 bps of tightening priced by December still looks excessive. Iran tensions and FOMC expectations “Risk appetite has slumped, with global stocks down sharply.” “The dollar picked up some support earlier in London trade following the president’s ceasefire comments, but gains are limited and the DXY is still trading at a small net loss on the day.” “Developments leave markets pondering whether this is a brief and temporary rupture in the peace process or a prelude to another s
Rising oil and gas prices highlight ongoing inflationary pressures, challenging optimistic economic narratives and impacting consumer costs. The post Oil prices rise, gas hits 4-year high despite Trump’s inflation claims appeared first on Crypto Briefing.
Escalating tensions at the Strait of Hormuz could lead to sustained high oil prices, impacting global economies and energy markets significantly. The post Oil surges as Strait of Hormuz faces full conflict conditions appeared first on Crypto Briefing.
The post Bitcoin Battles Downside as Iran Ceasefire Failure Sends Oil Past $75 appeared on BitcoinEthereumNews.com. Bitcoin (BTC) stayed below $62,000 after Wednesday’s Wall Street open as US president Donald Trump closing a key world oil route. Key points: Bitcoin drops to $61,500 as Trump says that the ceasefire with Iran is “over.” Both sides reportedly threaten to close the Strait of Hormuz, sending oil prices soaring. Bitcoin traders anticipate new lows, but analysis sees Trump sweetening the mood later. Bitcoin gives back gains as Trump says Iran ceasefire “over” Data from TradingView showed daily BTC price downside circling 2.5% as markets reacted to the collapse of the US-Iran ceasefire. BTC/USD one-hour chart. Source: Cointelegraph/TradingView “To me, I think it’s over,” Trump said about the ceasefire during a press conference at the NATO summit in Ankara, Turkey. Additional reports claimed that both the US and Iran were considering reimposing a blockade of the Strait of Hormu
