EUR/USD
1.16436
-0.007%
Gold
4202.09
-0.158%
Oil
59.876
0.659%
USD/JPY
155.296
0.120%
GBP/USD
1.33325
0.040%
GBP/JPY
207.053
0.174%
Real-time News
December 8th - Market speculation persists that the Bank of Japan (BOJ) may raise interest rates this month, but participants remain betting on a continued weakening of the yen. Traders at Bank of America, Nomura Holdings, and RBC Capital Markets say investor positioning reflects this bet. Citigroups "pain index" for the yen remains deep in negative territory, indicating continued negative sentiment towards the yen. Even with BOJ Governor Kazuo Ueda hinting at a possible imminent rate hike and the BOJ reportedly preparing to raise rates in December unless there is a major shock to the economy or financial markets, investors remain bearish on the yen. This is because even if the BOJ takes action, Japanese yields are still expected to be significantly lower than those in the US, which is more favorable for the dollar. Ivan Stamenovich, head of G-10 currency trading for Asia Pacific at Bank of America, said, "Positioning remains geared towards betting on the dollar to continue rising against the yen until the end of the year, and this trend is unlikely to change unless the BOJ delivers a real surprise." He added that Uedas hawkish comments sparked discussion about the currency pair, but market sentiment has not fundamentally changed.On December 8th, Israel Defense Forces Chief of Staff Zamir stated on the 7th that the withdrawal line drawn by the Israeli military under the first phase of the Gaza ceasefire agreement, known as the "Yellow Line," is the "new border" of the Gaza Strip. During an inspection of the Gaza Strip that day, Zamir said that the "Yellow Line" is the "new border" of the Gaza Strip, serving as both Israels forward defensive line and the boundary for Israeli military operations. Israel maintains operational control over large areas of the Gaza Strip and will continue to hold these lines. According to the first phase of the Gaza ceasefire agreement, the area outside the "Yellow Line" remains under Israeli control, and Israeli troops will no longer be stationed or conducting operations within the "Yellow Line."Anson Resources of Australia and Nusano of the United States have signed a lithium supply agreement.On December 8th, Venezuelan Vice President Rodríguez, speaking to oil industry workers at a heavy crude oil processing facility in Anzoátegui state on the 7th, urged the entire industry to remain "highly vigilant," noting that "the enemy never rests." Rodríguez reiterated that, given the current tense situation between Venezuela and the United States, the government will firmly safeguard national sovereignty and independence.Wave Life Sciences will release interim data from its Phase 1 clinical trial of WVE-007 (INHBE) for the treatment of obesity on Monday.
