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Global forex shifts: Yen carry trade unwinds amid policy divergence.
This report analyzes the global forex market realignments driven by policy divergence between the Federal Reserve’s ‘higher-for-longer’ stance and the Bank of Japan’s pivot from ultra-low rates. It examines US rate expectations via CME FedWatch, Japan’s global funding role, and the rapid unwinding of yen carry trades, which triggered intense volatility across the USD/JPY, EUR/JPY, and AUD/JPY crosses, while outlining the critical impact of official government interventions.
06-09-2026 20:25 GMT by Moheb Hanna
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Yen’s Appreciation Potential May Be Running Out
The yen’s medium-term outlook remains constructive, but much of the expected Bank of Japan tightening may already be priced in. With weak consumption limiting the scope for aggressive rate hikes, USD/JPY may consolidate near 155 unless the BoJ or Japan’s GPIF provides a fresh catalyst.
04-09-2026 13:29 GMT by Łukasz Zembik
Chart alert: USD/JPY major bearish reversal below 200-day MA
USD/JPY has staged a major bearish reversal, breaking below its 200-day moving average as the Japanese yen strengthens sharply. Support from US Treasury Secretary Scott Bessent for Japanese action, hawkish BoJ commentary and renewed FX intervention risk have reinforced the move. USD/JPY may see an oversold bounce, but failure to reclaim 158.04/50 could expose 155.03 and 153.84 as the next downside targets.
03-09-2026 10:42 GMT by Kelvin Wong
Gold awaits Warsh’s Jackson Hole speech
Gold is undergoing a shallow correction ahead of Kevin Warsh’s Jackson Hole speech. A neutral stance on easing financial conditions could support another test of USD 4,775 and USD 4,890 per ounce. A hawkish message, however, could revive expectations of a September rate hike, strengthen the dollar and trigger a deeper pullback.
27-08-2026 11:05 GMT by Łukasz Zembik
NVIDIA earnings preview: AI capex, Blackwell ramp and 216.40 bullish breakout hold the key
NVIDIA heads into Q2 FY2027 earnings as the market’s key test of whether AI infrastructure demand is still accelerating fast enough to justify its US$5 trillion-plus valuation. Traders will focus on Data Centre revenue, Blackwell and Rubin execution, gross margins, Q3 guidance and AI capex sustainability. Technically, a breakout above 216.40 could revive the medium-term uptrend, while a daily close below 195.95 would weaken the bullish reversal case.
26-08-2026 05:42 GMT by Kelvin Wong

Top cryptocurrency news and analysis

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The US labour market is losing momentum – as is the USD
The June U.S. jobs report points to a clear slowdown in the labor market, with weaker nonfarm payrolls growth, lower labor force participation, and easing wage pressure. While layoffs remain limited, the data reduce pressure on the Fed to tighten policy further and have weighed on the U.S. dollar.
02-07-2026 16:19 GMT by Krzysztof Kamiński
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Top commodities news and analysis

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Gold awaits Warsh’s Jackson Hole speech
Gold is undergoing a shallow correction ahead of Kevin Warsh’s Jackson Hole speech. A neutral stance on easing financial conditions could support another test of USD 4,775 and USD 4,890 per ounce. A hawkish message, however, could revive expectations of a September rate hike, strengthen the dollar and trigger a deeper pullback.
27-08-2026 11:05 GMT by Łukasz Zembik
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Chart alert: Gold major bullish breakout as USD debasement narrative takes hold
Gold (XAU/USD) has staged a major bullish breakout, surging 4.35% on 19 August for its largest one-day gain since February 2026. The rally reflects growing US dollar debasement and fiscal-dominance concerns following larger US Treasury bond buybacks. Technical momentum remains bullish above the $4,434/$4,405 pivotal support, while a sustained break above $4,504 could reinforce the advance towards $4,580 and $4,640.
20-08-2026 07:38 GMT by Kelvin Wong
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Central banks news

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