Author: finadmin

The Bank of Japan can’t save the Japanese Yen

The Bank of Japan can’t save the Japanese Yen

USD/JPY is grinding into the Bank of Japan’s (BoJ) June meeting above the 160.00 handle, a whisker from multi-decade highs, while the central bank meant to defend the Yen prepares to raise rates to a three-decade high without lifting the currency at all. A quarter-point step to 1% has been roughly 80% priced for weeks, […]

Dow Jones buys the headline on an Iran deal, not the fine print

Dow Jones buys the headline on an Iran deal, not the fine print

The Dow Jones Industrial Average (DJIA) punched to a fresh all-time intraday high on Monday, climbing around 1% as Wall Street cheered a preliminary peace agreement between the US and Iran. The catalyst is real enough; the framework reopens the Strait of Hormuz, lifts the US naval blockade, and extends the existing ceasefire by 60 […]

We expect Strait of Hormuz to be open toll-free long term

We expect Strait of Hormuz to be open toll-free long term

In an interview with CNBC on Monday, United States (US) Vice President JD Vance said that they expect the Strait of Hormuz to be “open toll-free in the long term,” per Reuters. Key takeaways “Will have two-step verification process.” “Lots of details still to sort out.” “We will see where Tehran is willing to make […]