USD/JPY Climbs Toward 156.00 as Japanese Yen Maintains Intraday Weakness
The Japanese Yen (JPY) weakens broadly during Wednesday’s Asian trading session, allowing the USD/JPY pair to extend its recovery from over a one-month low. A risk-on sentiment, reflected in positive equity market performance, undermines the safe-haven JPY. Additionally, a modest uptick in US Treasury bond yields supports the US Dollar (USD), further pressuring the lower-yielding […]
WTI Falls Near $75.50 as Trump Plans to Boost Output and Impose Tariffs
West Texas Intermediate (WTI), the benchmark for US crude oil, is trading near $75.55 on Wednesday, retreating as US President Donald Trump announces plans to expand domestic oil and gas production and impose tariffs on key trading partners. On Monday, Trump declared a national energy emergency, granting authority to fast-track approvals for oil, gas, and […]
EUR/USD Edges Lower Near 1.0400 Amid Trump’s Tariff Threats
The EUR/USD pair dipped slightly to around 1.0415 during Wednesday’s Asian trading session, with the Euro (EUR) under pressure against the US Dollar (USD). This decline follows US President Donald Trump’s announcement of potential tariffs on the European Union (EU). Traders now await a speech from European Central Bank (ECB) President Christine Lagarde later today […]