Yen Stabilizes as Market Awaits US Employment Data north The US dollar is mostly consolidating quietly ahead of the employment data. Seasonal factors, and the challenge economists experience in forecasting August job growth in part because of the distortions around local governments and the beginning of the new school year. While Federal Reserve [...]
The Yen Squeezes Higher, Though Official Fingerprints are Elusive north The main story today is the Japanese yen. It is sharply higher today. The move began early North America yesterday. No one claimed intervention and many, including ourselves, thought it may have been a rate check. An initial look at the BOJ’s balance sheet suggests that Japan likely did not [...]
Bond and Equity Sell-Off Continues, Greenback Extends Gains north The risk averse market conditions persist. Yields are higher and stocks are lower. October WTI set a new contract high as hostilities in the Middle East continue. The S&P 500 and Nasdaq composite could gap lower when the cash session begins, though ADP private sector jobs estimate will be [...]
Lazarus Group-linked addresses move $30M through Hyperliquid north Crypto wallets linked to the OFAC-sanctioned Lazarus Group moved $30 million in digital assets through Hyperliquid, weeks after regulators said they were working on a path to introduce the exchange into US markets.