S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Deutsche Bank’s Jim Reid highlights that the Japanese Yen is trading near its weakest levels since 1986, with USD/JPY around 161.38 after touching 161.80 in late US trading. The bank notes growing market chatter about potential official intervention around these levels, especially with poor holiday liquidity, while long-dated JGB yields are 4–8 bps higher after in-line Japanese CPI data.
Yen hovers near multi‑decade lows
“The Nikkei is broadly unchanged though, but all eyes are on the Yen which is broadly unchanged at 161.38 after hitting 161.80 late in the US session last night and within a whisker of the weakest since 1986.”
“There’s a lot of chatter about intervention likely around these levels, so we’ll see if the holiday provides an opportunity to surprise the market and get a bigger move due to the poor holiday liquidity.”
“10-30yr JGBs are 4 to 8bps higher this morning.”
“There were no scares from the Japanese inflation numbers out this morning though with all measures in line with expectations.”
“Headline CPI rose by 1.5% y/y in May, up slightly from 1.4% in the previous month.”
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