Japan's toolkit to combat unwelcome yen declines.Japanese authorities are facing renewed pressure to combat a decline in the yen, driven in part by market bets that dovish new premier Sanae Takaichi will pile pressure on the central bank to go slow in raising interest rates.

Heads up: Japan prime minister Takaichi and BOJ governor Ueda set to meet in just a bit.As a reminder, the pair had met just last week at a government panel meeting. But this time around, it looks to be a more focused meeting with it surely going to be disguised as one that discusses "economic and market developments".

Risk-Off Strikes Again, Yen Awaits Signals from Takaichi–Ueda Meeting.Swiss Franc and Yen led the forex board in Asian session today, buoyed by a fresh wave of risk aversion. U.S. equities closed notably lower overnight, with pressure concentrated once again in AI-linked megacaps.

AUD/JPY recovers few pips from one-week low, finds support ahead of 100.00 mark.AUD/JPY recovers few pips from one-week low, finds support ahead of 100.00 mark

EUR/JPY Price Forecast: Key upside barrier emerges near 180.00.EUR/JPY Price Forecast: Key upside barrier emerges near 180.00

Pound sterling price news and forecast: struggles after Reeves scrapped income-tax rises.Pound sterling price news and forecast: struggles after Reeves scrapped income-tax rises

Rupee falls 8 paise to 88.67 against US dollar in early trade.The Indian rupee faced pressure, weakening by 8 paise to 88.67 against the US dollar amid equity market declines and global trade concerns. Despite a weaker dollar and lower crude oil prices, rising import bills and a widening trade deficit, particularly due to gold and silver imports, are impacting the currency.

Risk stays under pressure as we look towards European trading later.Wall Street had a bad showing yesterday and that is carrying over to today as the risk selloff continues to run to start the new week. Tech shares were feeling heavy with Nvidia dropping by nearly 2%, while Bitcoin is facing heavy selling after a break under $100,000.

investingLive Asia-Pacific FX news wrap: BOJ Governor Ueda to meet with PM Takaichi later.Japan's Finance Minister Katayama struck a sharper tone on yen weakness, saying she is “alarmed” by recent FX moves and noting one-sided, rapid shifts in the currency. The language marks an escalation in verbal intervention as fiscal concerns push Japan's long-end yields to multi-decade highs, with the 30-year JGB now around 3.30%.

Rupee poised to hold firm despite softer risk tone and dollar strength.The Indian rupee is largely expected to ignore weak risk appetite globally and a firm dollar at open on Tuesday, with traders expecting the currency to remained anchored to familiar ranges.

Oil and Natural Gas Technical Analysis – Critical Breakout and Breakdown Zones to Watch.Oil stays weak below resistance, natural gas holds a bullish setup, and the U.S. Dollar Index awaits a breakout from its range.

RBA minutes show no clear bias toward next move.RBA minutes from the November 3–4 meeting underscored a Board that sees the economy as “broadly in balance” and saw no justification to adjust the cash rate at this stage. While the central projection remains aligned with the RBA's employment and inflation objectives, policymakers stressed that the next move in rates is not predetermined.

BOJ chief to hold first bilateral meeting with PM Takaichi.Bank of Japan Governor Kazuo Ueda will hold his first bilateral meeting with new Prime Minister Sanae Takaichi on Tuesday, a closely watched event that may provide hints on how soon the central bank will resume its rate-hike cycle.

CAD Dips as October Inflation Cools, BOC Pause Expectations Firm.Canadian inflation eased in October, but firm core readings kept expectations for a BOC pause intact and limited CAD's intraday reaction.

Event Guide: U.K. CPI Report (September 2025).With pound traders bracing for a likely December BOE rate cut, can the upcoming U.K. CPI release still move the needle? Or will it seal the deal for more aggressive policy easing?

Fed's Waller backs December cut, Jefferson urges slow approach.Fed Governor Christopher Waller struck a notably dovish tone in a speech overnight, arguing that inflation risks have diminished and that weakening labor conditions now deserve greater attention.

Yen on defensive, dollar firms as traders dial back Fed rate cut bets.The yen slid to its weakest level in more than nine months in early Asian trading on Tuesday as the dollar benefited from receding expectations that the Federal Reserve would cut interest rates at its policy meeting next month.

China sets pricing guidance for €4bn euro bond deal to diversify offshore funding.China has released initial price guidance for its latest euro-denominated sovereign bond issuance, with a term sheet showing plans to raise €4 billion across two maturities. Investors were guided to a 4-year tranche at mid-swaps +28 bps and a 7-year tranche at mid-swaps +38 bps, according to documents reviewed by Reuters.

GBP/JPY Price Forecast: Hits five week high near 204.50.GBP/JPY Price Forecast: Hits five week high near 204.50

Japan keeps moderate recovery view unchanged as long-term JGB yields rise.Japan's Economy Minister Kiuchi said there has been no change in the government's assessment that the economy is “improving moderately,” even after the release of the latest third-quarter GDP figures. He reiterated that long-term interest rates are ultimately determined by the market and stressed that authorities are monitoring financial conditions closely, including movements in longer-dated government bond yields.

Japan finance minister says 'alarmed' over yen's volatility.Japanese Finance Minister Satsuki Katayama on Tuesday expressed concern over recent foreign exchange movements, as the yen sank to fresh nine-month lows versus the dollar.

Japan's Katayama says stimulus has grown “sizable,” but declines to give figure.Japan's Katayama says stimulus has grown “sizable,” but declines to give figure

Japan's finance minister says stimulus has grown “sizable,” but declines to give figure.Japan's Finance Minister Katayama said the government's upcoming economic stimulus package has become “sizable,” but declined to disclose its exact scale.

Japan's PM Takaichi eyes tax cuts to spur investment.Japan's PM Takaichi eyes tax cuts to spur investment

USD/JPY gathers strength above 155.00 as traders brace for return of US data.USD/JPY gathers strength above 155.00 as traders brace for return of US data

China and Russia vow deeper cooperation in investment, energy, agriculture and culture.China's Premier Li Qiang met Russian Prime Minister Mikhail Mishustin in Moscow on Monday, with both sides signalling a push to deepen economic and cultural ties. According to Xinhua, Li said China is ready to expand cooperation with Russia across investment, energy and agriculture, and invited greater volumes of high-quality Russian agricultural and food products into the Chinese market.

Natural Gas Price Forecast: Breakdown Suggests a Deeper Correction.Natural gas sliced through Friday's $4.38 low and the 10-day average Monday, hitting a four-day low of $4.35 and trading near session lows at writing.

Australian Dollar Buckles Under US Dollar Strength, Wall Street Selloff.The combination of a stronger US dollar and an extended selloff on Wall Street on Monday put fresh pressure on the Australian dollar. I noted in yesterday's report that correlations between AUD/USD, the Nasdaq and the US Dollar Index had re-emerged — and Monday certainly confirmed it.

USD/JPY Through 155 as EUR/JPY, GBP/JPY Break Out to Fresh Highs.Don't be surprised if grumblings appear from the Japanese Finance Ministry in the coming days. I wouldn't necessarily expect that to lead to an intervention immediately, as we're still in the early innings of that theme, but with USD/JPY crossing the 155.00 barrier, it seems we're due for a veiled threat of intervention.

Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Remains Stuck Near The $60.00 Level.Oil prices are swinging between gains and losses as Russia resumes loadings at its Novorossiysk export hub.