David Cameron has one great ally: the people of Europe
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- Yen surging after comments from US Treasury Secretary Bessent
- Bessent says Japan government gives Bank of Japan policy space, avoid excess FX volatility
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China's Yulong refinery runs on discounted Russian crude, boosting profits despite sanctions & oversupply. Traders watch feedstock shifts.
Japan pledges $550B to US infrastructure, boosting energy & tech sectors. Traders eye impact on trade balances.
AI data centers surge power costs 6-14% YoY, hitting consumer spending. Traders watch utility bills.
Apple hits $4T valuation, joining Nvidia! iPhone momentum fuels rally, but watch for potential overvaluation risks.
Yen surging after comments from US Treasury Secretary Bessent. Bessent praising BOJ independence. Yes, srsly! The jokes write themselves.
Bessent says Japan government gives Bank of Japan policy space, avoid excess FX volatility. The yen has added on a few points on these remarks. USD/JPY is under 151.80 now as I update.
Australia's ASIC clarifies digital asset rules, requiring up to $10M net assets for custody. Traders eye new licensing ahead.
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