USD/JPY at Multi-Decade High Near 154.00, Japan’s Intervention Risks Loom
USDJPY is currently trading near multi-decade highs just below 154.00 in the European session on Monday. The Japanese Yen continues to be weakened by the Bank of Japan’s uncertain outlook about future rate hikes. However, concerns about possible intervention and persistent geopolitical tensions could help limit losses for the safe-haven JPY. On Friday, the Japanese […]
Wall Street Bullish on Metal Market Amid AI Boom Predictions; Copper to Gain on China’s Output Cut and Rising Demand
Wall Street is showing growing interest in copper due to the metal’s increasing significance in data centers, which serve as the backbone for powering artificial intelligence (AI) operations. Jefferies predicts a surge in global copper demand from data centers, rising from 239 thousand tons in 2023 to at least 450 thousand tons annually by 2030. […]
