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Risk of Dieselgeddon / Bessent : JPY intervention / U.S-Iran 'one last chance' / FED Warsh making markets do their job!

  • sc0172
  • 3 hours ago
  • 3 min read

  • Copper quietly approaching new highs Copper - Price - Chart - Historical Data - News

  • Iran update : Iran-US war live: Trump says Tehran has 'last chance' to make deal

  • Markets : White House finalizes AI framework behind closed doors, Shell CEO Wael Sawan warns diesel and gasoline are running short, late July 'Leopold' lows was pretty powerful.., UST 10's 4.69% still, 10's JGB's slightly higher yields too at 2.84%, USDJPY lower while we remain under 158-160, risk of further intervention, but more importantly the ongoing change in domestic asset allocation is KEY, this is very important flows of funds heading home, selling foreign assets (currencies), BoJ has convinced markets they will move faster with successive hikes now a strong possibility, so further JPY short unwinding likely..

  • JPY : Bessent's promotion of the FIMA Repo Facility is just theatre to boost the effect of his FX intervention - similar to his leaking of the his 'to do list.' FIMA Repo makes no sense for Japan (Thread), Bessent is watching the 10y UST vs 10y JGB spread...and thinks USDJPY should be much lower, like 120-130 JPY...

  • Shell CEO Wael Sawan warns diesel and gasoline are running short

  • WSJ : Warsh makes markets do their job.. , Have they forgotten how to price risk without the Federal Reserve guiding them? >>>> Dear Wall Street: pipe down about the Fed already. You're getting paid obscene amounts of money to make smart calls on risk and return in real time — it's a little mortifying to watch you throw a tantrum because Daddy Fed won't hold your hand and tell you what to do anymore....end










The SNB's reported jump in foreign-exchange reserves in June 2026 was driven mainly by valuation gains on its existing foreign-currency holdings, not by the central bank actively purchasing roughly CHF 40 billion in new FX. In other words, the higher CHF figure largely reflects market-value swings in USD and EUR assets plus positive investment returns on the portfolio, rather than fresh intervention purchases


And refineries are being pushed beyond 100% capacity (seriously) by delaying critical maintenance. This raises the risk of explosions. Those are sometimes fatal, too. "Ka-boom" is not a maintenance strategy





Surely not..



























 
 
 

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