Japan Spent Billions and Yen Is Still Falling

For the full experience visit: Japan Spent Billions and Yen Is Still Falling

Bloomberg MarketsMay 191 min readPrimary source

The gist

1-point summary · 1 min

For the full experience visit: Japan Spent Billions and Yen Is Still Falling

For the full experience visit: Japan Spent Billions and Yen Is Still Falling

Source

EUR/USD· Euro · US Dollar

$0123456789.01234567890123456789↓ 0123456789.01234567890123456789 (-0123456789.01234567890123456789%)

Last updated · 9:29:08 PM

Yahoo Finance

Open$1.16

Range$1.15 – $1.16

Volume—

24h$1.15 – $1.16

For the full experience visit: Japan Spent Billions and Yen Is Still Falling

Integrity note · Xela does not rewrite or paraphrase article content. The excerpt above is the source publication's own words, sanitized for display. For the full piece — including any quotes, charts, or images — read it at Bloomberg Markets. Xela's rewritten version is off for this story, so there's no editorial angle attached — you're getting the source's reporting unfiltered. When the rewrite is on, we add a What this means block underneath with the operator/trader takeaway.

Full article at Bloomberg Markets

What people are saying

Discussion

Hot takes

0/280

Loading takes…

Comments

Discussion · 0

Loading comments…

More in Forex & Trading

·19h ago

investingLive Americas FX news wrap 5 Jun:A strong US jobs report sends bonds/stocks lower

Taken together, the reports painted a picture of two labor markets that remain far more resilient than expected. That is the good news. The not so good news for policymakers, is that the stronger employment data reduces pressure for additional monetary easing. In the U.S., markets pushed Treasury yields higher and increased expectations that the Federal Reserve will keep rates elevated for longer and perhaps raise rates toward the end of the year (that would be a big reversal from just a few months ago). While in Canada the report reinforced expectations that the Bank of Canada may remain on hold after its recent easing cycle. Currency markets reflected the stronger Canadian data, with USDCAD moving modestly lower following the release, although gains in the U.S. dollar from the stronger U.S. report limited the downside. The stronger-than-expected U.S. jobs report sparked a sharp selloff in the Treasury market as traders reduced expectations for near-term Federal Reserve rate cuts. The move was led by the front end of the yield curve, reflecting a repricing of Fed policy expectations. The 2-year Treasury yield climbed 10.0 basis points to 4.15%, while the 5-year yield rose 7.9 basis points to 4.268. Longer-term yields also moved higher, with the benchmark 10-year yield increasing 5.5 basis points to 4.530% and the 30-year bond yield advancing 2.0 basis points to 4.996%. The steeper rise in shorter-dated yields highlighted the market's view that a resilient labor market and still-elevated inflation pressures could keep the Federal Reserve on hold for longer than previously anticipated.Stocks were mixed to start the day with the Dow higher and the S&P and Nasdaq lower (Nasdaq was down about 300 points going into the jobs report). The jobs report sent the stocks lower on the back up in yields Concerns about the events of the week with Alphabets floating of $85 billion of equity a reminder that AI is going to cost a lot, and that cost is now eating into shareowners value as equity gets diluted. In the past, stock owners benefited from buybacks of shares reversing dilution.. Now with the number of shares increasing, that idea is reversing The declines started to accelerate with both the S&P and NASDAQ indices closed closing below their 200 hour moving averages for the first time since April 2026. For the S&P index the 200 hour moving average comes in at 7404.33. The closing price was 7383.73. For the NASDAQ index the 200 hour moving averages at 26069.49 with a closing price well below that level at 25709.43. There were a number of losers which fell over 10% today including: In a unique week, Marvel Technology was one of the worst performers today with a decline of -16.74%, but one of the best performers for the week with a gain of 28.52%. Indicative of the craziness, it's stock is still up 210% for the year. The stock price this week reached a $324.20 before closing today at $263.47. The USD was stronger today with the AUD and the NZD the hardest hit vs the greenback. Below is an end of week video, outlining the technicals for those two pairs as the trading week comes to an end. Ranking the major currencies losses versus the greenback showed JPY -0.17% CAD -0.19% GBP -0.60% EUR -0.78% NZD -1.19% AUD -1.23% The price of gold reacted negatively to the higher yields and the higher dollar. Gold tumbled $147.17 or -3.29% for its worst day since March 20. For the week the price fell -4.614% Silver fell by $-6.02 or -8.15% (its worst day since May 15). For the week the price fell -9.837% Bitcoin continued its move to the downside fell more than 16% this week its worst one week % decline since October 2022 It raises an interesting question: Did some insiders have a rough day today? The markets will next prepare for Kevin Warsh's first meeting as the Fed chair, but before then, the CPI data will be released next week with expectations for a core gain of 0.5% and the YoY rising to 2.9% from 2.8%. The headline is expected to reach 4.2% from 3.8% last month. The Bank of Canada is expected to keep rates unchanged but with the strong jobs report it will be interesting to see if there is a shift. The ECB will also meet and the market has priced a 25 basis point hike. That has been pretty well telegraphed from policy makers already. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

·23h ago

Trump: Would like to see lower interest rates

Will leave interest rate decision to Warsh Would like to see lower interest rates Says the country is doing well, market should go up He would not mind if Warsh were to cut interest rates. Will leave rate cut to Warsh during October meeting. What is curious is his response that will leave rate cut to Warsh but cites the October meeting. He seems to be giving in for the June, July, September meetings. On Iran and oil prices says: Having great success with Iran, and Iran is in no position to have a nuclear weapon. Has about energy prices, says that they have many options More: Meeting scheduled with AI companies Concept of American public AI partnership it is interesting This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

·1d ago

Gold is sinking with the US dollar rising and yields moving higher

With both the 200-hour moving average and the 50% retracement level now broken, sellers have seized near-term control. It would take a move back above those levels to ease the downside pressure and improve the technical outlook. Silver is also sharply lower by 6.54% with a decline of -$4.81 but remains above its 200 hour MA at $66.852. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

·1d ago

EURUSD continues the tumble lower

Fundamentally, the move is being fueled by a sharp rise in U.S. Treasury yields following the stronger-than-expected U.S. jobs report. The 10-year yield is up 6.3 basis points, while the 2-year yield has surged 11.7 basis points, helping to underpin the U.S. dollar. The employment data has also added a new layer of intrigue ahead of Fed Chair Kevin Warsh's first FOMC meeting on June 16-17. Recall that three policymakers dissented at the last meeting, favoring the removal of the easing bias. With labor market strength persisting and higher oil prices beginning to influence inflation expectations, the debate may increasingly shift toward whether policy should move to neutral—or even hint at a more hawkish stance—rather than maintain an easing bias. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

Newsletter

Track forex & trading every morning.

Daily digest tuned to this beat. The 5 stories most worth your time. Unsubscribe anytime.