Market news
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US Crypto Negotiators Push to Finalize Clarity Act Before August Recess
Bipartisan lawmakers are racing to finalize the Clarity Act market structure bill before the August recess, with the Senate Agriculture Committee taking a central role in jurisdiction talks.
Yen Rebounds from Two-Year Low vs USD as BoJ Hike Bets Counter Weaker CPI
The Japanese yen is recovering from a two-year low against the U.S. dollar, with the USD/JPY pair pulling back from the 161.80 area. Market expectations for a Bank of Japan rate hike are offsetting softer domestic inflation data.
WTI Falls to Near $75 as Hormuz Shipping Conditions Improve
West Texas Intermediate crude oil edged lower during Friday’s Asian session, slipping to around $75.10 per barrel as improved shipping conditions in the Strait of Hormuz eased supply concerns.
Japan's Finance Minister Warns of Action on Speculative FX Moves
Finance Minister Satsuki Katayama stated the government is ready to take strong measures against speculative foreign exchange activity.
EUR/USD Edges Higher After US-Iran Preliminary Deal
The euro drifted above 1.1450 as the US and Iran signed an initial agreement to end hostilities, snapping a two-day losing streak.
BoJ Deputy Governor: Central bank likely to keep hiking rates based on trends
Bank of Japan Deputy Governor Himino stated that the central bank will likely continue raising interest rates depending on economic, price, and financial developments. He also noted that currency moves could influence inflation expectations and core inflation.
Asian Stocks Advance on US-Iran Peace Deal; Oil Falls Below $75
Asian equities are set to rise after a US-Iran peace deal boosts confidence that the Strait of Hormuz will reopen, restoring oil flows and easing inflation. WTI crude extends its weekly decline, trading near $75 a barrel.
BOJ's Himino: Policy Not Focused on FX, But Currency Moves Have Stronger Inflation Impact
Bank of Japan Deputy Governor Ryozo Himino said monetary policy is not directly focused on exchange rates, but acknowledged that currency fluctuations are having a greater impact on inflation than in the past due to changes in corporate behavior.
BoJ Minutes: Members Seek More Time for Middle East Impact Assessment
Bank of Japan board members expressed a desire for more time to evaluate the effects of Middle East developments on Japan's economy and prices, according to the April meeting minutes.
US Ends Naval Blockade After Iran Interim Peace Deal Takes Effect
The US has lifted its naval blockade of Iran as an interim peace deal comes into force, allowing shipping to resume through the Strait of Hormuz. Iran's supreme leader called the agreement a sign of 'desperation' by President Trump.
Japan May National CPI Rises 1.5% YoY, Core CPI Meets Expectations
Japan's National Consumer Price Index rose 1.5% year-on-year in May, accelerating from 1.4% in April. Core CPI also increased in line with market expectations.
Gold Slides Toward $4,200 as Hawkish Fed, US-Iran Deal Weigh
Gold declines to near $4,210 as a hawkish Federal Reserve stance and a US-Iran peace deal pressure prices, offsetting safe-haven support.
Sterling Slips Below 1.3300 as BoE Holds Rates, Cheaper Oil Masks Inflation
The British Pound fell to its lowest since early April after the Bank of England held rates as expected, with a second MPC member voting for a hike. Lower crude oil prices are masking inflationary pressures.
US Margin Debt Hits Record $1.42 Trillion in May
US margin debt rose by $112 billion in May to a record $1.42 trillion, marking the second consecutive monthly increase and a 54% surge over the past year. Real (inflation-adjusted) margin debt has grown 550% since 1997, far outpacing the S&P 500's real gain of 357.7%.
Iran suspends 60-day US negotiation after Israeli strikes
Iran has halted its planned 60-day negotiation process with the U.S., citing violations of the agreement’s first clause following Israeli strikes in southern Lebanon. A trip to Switzerland for initial talks has been canceled, and negotiations remain paused until attacks cease and commitments are upheld.
GBP/JPY Sellers Target Break Below 100-Day SMA as Pair Retreats
GBP/JPY slipped 0.21% to 213.11 during the North American session as the pound weakened despite the Bank of England holding rates unchanged. Sellers are eyeing a break below the 100-day SMA.
Iran Negotiator Warns Strong Response to Any Breach of Agreement
Iran's top negotiator Mohammad Qalibaf warned that any breach of the agreement or excessive demands will be met with a forceful retaliation, vowing no hesitation in delivering a strong response if commitments are broken.
Nvidia Sells $25B in Bonds, Second-Largest US High-Grade Deal of 2026
Nvidia raised $25 billion in investment-grade bonds on June 15, its first debt sale since 2021. The offering attracted $85 billion in orders and was upsized from an initial $20 billion target.
Zelensky Urges Fast-Track EU Membership, Links Europe’s Security to Ukraine’s Army Funding
Ukrainian President Zelensky called for accelerated EU membership, arguing that Europe’s future is being decided on the battlefield and that EU security depends on financial guarantees for Ukraine’s military.
Silver Market Faces Sixth Straight Annual Deficit Despite Solar Industry Reducing Usage
The solar industry is cutting silver content per panel, but the silver market is still headed for a sixth consecutive annual deficit.
White House Unveils AI Security Framework, Iran Truce Memo, Secret Service Fund Diversion
The White House is developing an AI security framework with Anthropic, submitted an Iran truce memorandum to Congress, former AI policy official Dean Ball joins OpenAI, and $352M was diverted from the Secret Service to the East Wing.
Fed to Purchase $10B in Treasuries Monthly Under New Chair Warsh
The Federal Reserve, now led by Chairman Kevin Warsh, announced a $10 billion per month Treasury purchase program to maintain ample bank reserves, signaling continuity in balance sheet policy.
Cushing Crude Inventories Hit 2014 Low, Approaching Minimum Operational Levels
Crude oil inventories at the Cushing, Oklahoma hub fell for the eighth consecutive week, dropping by 1.6 million barrels to 20 million barrels, the lowest since 2014. The Strategic Petroleum Reserve also fell to its lowest since 1983.
US Dollar Touches One-Year High; Pound Slips on BoE Hold
The US Dollar Index firmed near 100.80, a level not seen since May 2025, after the Fed left rates unchanged. The British Pound declined following the Bank of England's decision to hold rates.