Japanese Yen recovers from two-week low vs USD amid divergent BoJ-Fed expectations.Japanese Yen recovers from two-week low vs USD amid divergent BoJ-Fed expectations

Japan's Takaichi says closely watching market moves.Japan's Takaichi says closely watching market moves

Rupee may hover near 90, track subdued Asian FX as Fed decision looms.The Indian rupee may open slightly weaker on Wednesday, tracking subdued regional peers as investors await the U.S. Federal Reserve's policy decision and equity outflows temper recovery hopes for the unit.

Asia shares ease as Fed cut priced, guidance uncertain.Asian shares and Wall Street futures gave ground on Wednesday as crunch time neared for a divided Federal Reserve policy board, and earnings results threatened to test sky-high valuations in the AI space.

WTI declines below $58.50 as US Dollar gains on job data, Iraq oilfield resumes.WTI declines below $58.50 as US Dollar gains on job data, Iraq oilfield resumes

China Consumer Price Index (YoY) meets expectations (0.7%) in November.China Consumer Price Index (YoY) meets expectations (0.7%) in November

China Producer Price Index (YoY) came in at -2.2%, below expectations (-2%) in November.China Producer Price Index (YoY) came in at -2.2%, below expectations (-2%) in November

Yen weak, dollar steady in countdown to Fed.The yen looked punch-drunk on Wednesday after a sudden spill overnight, pressured by wide interest rate differentials between Japan and the rest of the world even as its central bank is widely expected to tighten policy next week.

Japanese Yen Forecast: USD/JPY Steadies Ahead of Key Fed Projections.Japanese producer prices lift BoJ hike expectations and pressure USD/JPY, with the Fed's rate cut outlook and dot plot now driving the pair's short-term direction.

Japan Producer Price Index (MoM) in line with expectations (0.3%) in November.Japan Producer Price Index (MoM) in line with expectations (0.3%) in November

Japan Producer Price Index (YoY) in line with expectations (2.7%) in November.Japan Producer Price Index (YoY) in line with expectations (2.7%) in November

USD/JPY rises to two-week highs near 157.00 on robust US jobs data, Fed rate decision in focus.USD/JPY rises to two-week highs near 157.00 on robust US jobs data, Fed rate decision in focus

South Korea Unemployment Rate: 2.7% (November) vs 2.6%.South Korea Unemployment Rate: 2.7% (November) vs 2.6%

Markets anxious over Japan's risk of 'negative spiral,' top bank MUFG exec says.Markets are increasingly worried about Japan's "tail risk" of slipping into a negative spiral, where monetary tightening lags inflation and a weak yen pushes prices higher, the markets chief at top lender Mitsubishi UFJ Financial Group said.

Trading Day: Nervy Fed vigil almost over.U.S. stocks, bonds and the dollar held relatively steady on Tuesday as investors braced for the Federal Reserve's policy decision on Wednesday, while surprisingly hawkish remarks from Australia's central bank governor rocked markets there.

United States API Weekly Crude Oil Stock came in at -4.8M, below expectations (-1.7M) in December 5.United States API Weekly Crude Oil Stock came in at -4.8M, below expectations (-1.7M) in December 5

Canadian Dollar spins in place as Fed rate call looms.Canadian Dollar spins in place as Fed rate call looms

Crude Oil Price Forecast: Fails 50-Day Breakout Again – $57.21 Under Threat.Crude oil collapsed Tuesday to $58.17, rejecting a major resistance confluence at the falling channel top and multiple averages while confirming last week's 50-day breakout has failed and accelerated the downtrend toward $57.21 and potentially the October low.

Natural Gas Price Forecast: 20-Day Average Breaks – $4.24 Next in Sight.Natural gas plunged Tuesday through the 20-day average to a seven-day low of $4.57, confirming the 10-day line as new resistance and triggering a weekly bearish reversal that now targets $4.24 and potentially the 50-day average.

Pound-to-Australian Dollar Price News, Forecast: AUD Strengthens on Bullock's Hawkish Tone.The Pound to Australian Dollar (GBP/AUD) exchange rate retreated on Tuesday, leading the pairing to relinquish almost all of its gains from the start of the week. Latest — Exchange Rates:Pound to Australian Dollar (GBP/AUD): 2.00313 (-0.4%)Pound to Dollar (GBP/USD): 1.32989 (-0.21%)Australian Dollar to Dollar (AUD/USD): 0.66391.

US consumer bureau to issue 'interim final' open banking rule, cites funding shortfall.The top U.S. watchdog agency for consumer financial protection said Tuesday it will issue interim regulations for "open banking" and consumer data rights because it expects to run out of money before completing a process now underway to rewrite Biden-era regulations.

New Zealand central bank says no preset policy path as inflation outlook guides decisions.New Zealand's top central banker said on Wednesday that there was no preset course for monetary policy and that adjustments would be made if the outlook for inflation changes.

Pre-FOMC USD Price Action Setups: EUR/USD, GBP/USD, USD/JPY.The role of the Federal Reserve has adapted quite a bit in the past 30 years and it seems that we're at the forefront of even more adaptation as President Trump looks to mold the bank more to his liking, saying earlier today that rate cuts will be a key ‘litmus test' for choosing the next Fed chair. While Trump hasn't made a formal announcement, it's highly expected to be current Director of the National Economic Council Kevin Hassett, who has history as an uber-dove.

Japanese Yen Short-term Outlook: USD/JPY Surge Targets Yearly Open- Fed to Dictate Breakout.USD/JPY is on pace for a third-consecutive daily advance, with bulls now eyeing major resistance as traders brace for Wednesday's highly anticipated Federal Reserve interest rate decision. The December opening-range breakout keeps the near-term focus pointed higher, while converging technical levels around the yearly open highlight a critical barrier for the broader uptrend.

FX Today: It's the Fed; nothing else matters.FX Today: It's the Fed; nothing else matters

Argentina Industrial Output n.s.a (YoY) fell from previous -0.7% to -2.9% in October.Argentina Industrial Output n.s.a (YoY) fell from previous -0.7% to -2.9% in October

Pound-to-Euro Forecast: GBP Firms as French Political Tensions Hit EUR.The Pound to Euro (GBP/EUR) exchange rate firmed on Tuesday as French political uncertainty sapped EUR sentiment. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.14401 (-0.07%)Pound to Dollar (GBP/USD): 1.32964 (-0.23%)Euro to Dollar (EUR/USD): 1.16226 (-0.16%) DAILY RECAP: The Euro (EUR) struggled to attract support on Tuesday.

FOMC Meeting Preview: Could This Be Powell's Last Cut at the Fed?.Assuming the Fed cuts as expected, the market's focus will immediately shift to the central bank's Monetary Policy Statement, the Summary of Economic Projections and Fed Chairman Powell's Press Conference for insights into the potential for additional rate cuts in H1 2026. Currently, traders are marginally pricing in (51%) another cut by April but expectations diverge widely, so there is substantial potential for volatility as the central bank weighs in.

United States 10-Year Note Auction rose from previous 4.074% to 4.175%.United States 10-Year Note Auction rose from previous 4.074% to 4.175%

U.S. Treasury sells $39 billion of 10 year notes at a high yield of 4.175%.The 10 year note auction came in with a 0.0 basis point tail which is precisely the six-month average. The bid to cover was just marginally higher than the six-month average.