Yen and JGBs Sold on New BOJ Nominees While Japanese Stocks Rally to Record Highs north The dollar was initially sold during President Trump’s State of the Union Address. However, against most of the G10 currencies, it remains within the well-worn ranges, which may be reinforced by a busy option expiration schedule, we discuss below. There are two notable exceptions. First, is [...]
Yen Slides on a Double Whammy north The US dollar is mostly slightly firmer against the most of the G10 currencies but largely confined to its recent ranges. The yen is the notable exception. Beijing announced it is sanctioning more Japanese companies with military ties and put others on a watch-list, which no doubt will have a [...]
Treasury Staking Initiative north The Ethereum Foundation has begun staking a portion of its treasury, in line with its Treasury Policy announced last year. Approximately 70,000 ETH is being staked with rewards directed back to the EF treasury....
When All is Said and Done in FX, Little has been Done north The US dollar was fairly resilient in the face of the softer than expected Q4 GDP reading and the Supreme Court’s tariff decision. However, it came under pressure earlier today in the Asia Pacific session, in which Tokyo was closed for a national holiday. It clawed its way back in Europe and [...]
The Ethereum Foundation's Commitment to DeFi north DeFi isn't a speculative bet on the future. It's the inevitable evolution of finance, driven by a fundamental truth: financial autonomy is a right, not a privilege. And it's been a critical driver of Ethereum's growth and adoption. We want to see DeFi thrive, but we're opinionated about what...
Week Ahead: Does the Dollar Still Have Legs After the Tariff Ruling? north The Supreme Court struck down President Trump's use of emergency powers to impose widespread tariffs. The court did not rule on refunds. Trump quickly announced a 10% across-the-board tariff under Section 122 of the 1974 Trade Act, which allows the president to impose up to 15% tariff for 150 [...]