Warsh's June FOMC Debut Puts USDJPY Carry-Trade Unwind Risk on the Table

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alexis Christoforous, and Isabelle Lee. (Source: Bloomberg)

Recent headline news has been full of different geopolitical headlines: Two rockets have been launched from southern Lebanon toward Israel. Rubio says it's impossible to sign any agreement with Iran that does not include highly enriched uranium. Treasury Secretary Bessent acknowledges that relations with China are more stable. Will see if China commits to larger Boeing purchases. Comments that Hezbollah leaders have a backed down from condition of Israeli which role as a prerequisite for accepting a cease-fire Iranian source said that the Iran's gratuitous threats are over and that any aggression will be met with regrettable response. Rubio told Congress that the US is waiting for Iran's final sign off on negotiations surrounding Tehran's nuclear program Talks between Israel and Lebanon is reported to make no serious progress toward peace. The comments are both positive and negative. Of course there is not a lot of trust put in any geopolitical comments given the tensions. In a another worry, automakers, retailers and consumer electronic firms are warning of chip shortages and price hikes could lead to significant and sustained near-term price increases for American households. US yields remain up on the day with the 10 year trading above and below the 4.50% level. The two year yield is trading at 4.088% after dipping below the 4.0% level recently. The US dollar remained higher with the largest gain versus the NZD NZD +1.06% CHF +0.66% AUD +0.65% CAD +0.41% GBP +0.35% EUR +0.30% JPY +0.08% US stocks are lower with the Dow -0.86% S&P -0.63% Nasdaq -0.97% This article was written by Greg Michalowski at investinglive.com.

A seemingly endless appetite for buying US stock dips has propelled Vanguard Group’s S&P 500-tracking ETF past $1 trillion in assets, making it the first fund of its kind to reach a milestone once thought unimaginable for the ETF industry.

Marvell now ranks No. 22 in the S&P 500 with a $269 billion market capitalization that’s higher than those of PepsiCo and T-Mobile.

A renewed advance in oil sent stocks lower as bond yields rose on concern that an escalation of hostilities between the US and Iran will hinder prospects for a peace deal. As equities fell from all-time highs, the S&P 500 snapped a nine-day winning streak. Tech shares led losses, with a closely watched ETF tracking software firms dropping 3.5%. Dean Curnutt, founder at Macro Risk Advisors, discusses how the markets are reacting to geopolitical tensions and AI investment interest. (Source: Bloomberg)

USDJPY hit important 160 resistance but stays below this level for the second consecutive day, as traders remain very cautious after the previous intervention commenced at this zone and Japan’s officials repeated today their readiness to intervene again. The notion is supported by today’s comments from BoJ’s Governor who highlighted an increased inflationary risk from […] The post USDJPY Cracks 160 Barrier, Traders Cautious of Potential Intervention appeared first on ActionForex.