
Verbal intervention fails as USD/JPY hits 161.9
USD/JPY slid to 161.9 proving talk fails. Flash PMI hit 52.5, yet input costs surge. Vikram analyzes why markets ignore rhetoric.

USD/JPY slid to 161.9 proving talk fails. Flash PMI hit 52.5, yet input costs surge. Vikram analyzes why markets ignore rhetoric.

I analyze how the 6.7659 fix anchors China's $3.342T reserves. Learn why this daily rate overrides pure market supply and demand today.

At 0115 GMT, the PBOC sets a key rate for a $9.6 trillion market. I break down what this daily signal means for your trades.