Yen nears 160 on hawkish Fed bets as UK GDP beat fails to lift pound
USD/JPY fixed at 159.70 as hawkish Fed bets kept the dollar near a 19-month high, while a UK GDP beat failed to lift sterling and US claims rose to 200K.
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USD/JPY fixed at 159.70 as hawkish Fed bets kept the dollar near a 19-month high, while a UK GDP beat failed to lift sterling and US claims rose to 200K.
The dollar hit a 19-month high on Fed hike bets, the ECB fixing put USD/JPY at 159.23, and BoE's Greene backed proactive tightening against wage risks.
The dollar rose across the majors as 50 bp Fed hike fears hit global bonds, pushing USD/JPY toward 159 while US bond markets shut for Veterans Day.
Fed's Bowman and Schmid backed more tightening after hot US CPI, a soft 10-year auction cleared at 5.02%, and Japan's Tankan hit a five-year high.
US October CPI beat forecasts with 0.4% headline and 0.3% core, Treasury yields spiked, and Fed hike bets firmed as Waller floated a 50 bp December move.
Australian sentiment and business surveys hit multi-year lows as China imports jumped 41.6%, while forex traders turned to US CPI and the Fed's December path.
Bitcoin fell 3.28% to $71,923, its lowest since Aug. 20 per Cointelegraph, as Nvidia's Jensen Huang resigned and spot ETF outflows ran a fifth day.
Bitcoin traded at $73,774 as MSCI confirmed Strategy's index removal and Decrypt flagged a $14.2 billion stablecoin drain. Fear & Greed fell to 28.
Bitcoin rose 1.7% to $74,188 as US ETF outflows ran a fourth day and rate-hike odds hit about 90%. Fear & Greed slipped to 29 from 32.
Bitcoin traded at $73,373, down 2.4% in 24 hours, as Fear & Greed slipped to 29 and Goldman, Citi and BBVA backed a $270 million bank stablecoin venture.
Bitcoin fell 3.01% to $72,795 after October US CPI rose 0.4%, above forecasts, while Ether lost 5.52% and traders priced in a December Fed rate hike.
Bitcoin fell 0.53% to $74,611 ahead of US October inflation data, while Ether lost 1.27% and the Fear & Greed Index rose to 32 from 29.