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Markets : JPY : Washington isn't defending the yen. It's defending its own bond market (thread), Texas halts new data centers as governor calls for audits, FED's Warsh talking about fewer central bank meetings to reduce market dependence, for equity markets it'll be THE Perfect Storm, with a 3months 'ceasefire' into mid-terms... (together with Bessent's interventions in JPY, see PM's rally again etc..slightly softer USD overall...and less of a chance of a hike in Sep JPY : Scott Bessent is using moves from his hedge fund days to prop up Japan’s yen—and America’s $40 trillion national debt $8.3 Trillion is now sitting in money market funds, an all-time high France wildfires reveal hundreds of WW2 shells in village U.S.-Iran deal to open Hormuz could come Tuesday or Wednesday: Bessent because... US supply of long-range missiles, THAAD interceptors nearly exhausted: Reports Monetary Policy Perspective: Keeping an Open Mind Live US Debt Monitor Live, check it out ! it's very cool and useful, debt auctions results, levels etc Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard Capex Is Just the Tip of the Iceberg for Big Tech - Barron's Nic on X: "First the US bought yen. Now the Treasury wants the Fed to pay for the defence. What's happening: - Friday: the US bought yen with Japan, first time since 1998 - Sunday: Bessent publicly asked the Fed to upsize its foreign repo facility - Monday: Japan said it will draw that" / X U.S. doing ‘whatever it takes to support’ Japan as Yen plummets: Bessent - National | Globalnews.ca JPMorgan says S&P 500 can defy inflation - TheStreet SpaceX's first-ever earnings show higher revenues and huge spending Japan warns Russia-North Korea axis raises regional security threat - Nikkei Asia DRAM Supply to Remain Tight in 2027, Prompting NVIDIA to Lower HBM Configurations for Rubin Ultra, Says TrendForce Texas halts new data centers as governor calls for audits | TechCrunch FICO says high rates still holding back mortgage volume - TheStreet Elon Musk has blunt response to Mamdani's grocery discount plan - TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more France wildfires reveal hundreds of WW2 shells in village

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 US Treasury raises third-quarter borrowing estimate to $739 billion | Reuters Trump warns Iran talks are ‘last chance’ to end war White House to host AI companies to review new model-testing framework White House finalizes AI framework behind closed doors Trump says Exxon and Chevron made 'too much money' during Iran conflic Joseph Wang on X: "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. The open secret is Japan already has hundreds of billions of dollars parked at the Fed's https://t.co/TjLqzYmeBC" / X US., Japan confirm coordinated yen intervention, signal readiness for more Warsh Makes Markets Do Their Job - WSJ SNB Posts 25.8 Billion Swiss Francs in Profit Over Three Months Switzerland Foreign Exchange Reserves 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 Shell CEO Wael Sawan warns diesel and gasoline are running short 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 Bessent Note at Camp David Proves "The End is Nigh" | SilverSeek Palantir Earnings Will Show If the Software Rocket Is Running Out of Fuel - Barron's Wie Schweizer Industrie-Ikonen sich ständig neu ausrichten - News - SRF Richard Tice: Reform UK deputy leader facing parliamentary investigation - Yahoo News UK Surely not.. Barchart on X: "South Korea's 40% stock market crash is now the worst dump in Asian Financial Markets History 🚨 🚨 https://t.co/BRxwthBQxA" / X

Iran Updates : Iran foreign minister says that talks with Oman about transit in the Strait of Hormuz are in their “final stages.”, Trump calls off Iran strikes, crude up, risk up, Iranian Foreign Ministry spokesman Baghaei: as long as U.S. "aggression" continues, the strait stays closed. An agreement with Oman over the route is not enough to reopen it Markets : MS upgrades KOREA TO OVERWEIGHT, JPY had it coming, U.S., Japan confirm coordinated yen intervention signal readiness for more ( so they agree JPY is too weak by 10% or so minimum..), The U.S uses EURO to buy JPY (to avoid signalling weaker USD signal..), the real BIG question now is whether the carry trade is still on the agenda, we only corrected 4-5% in USDJPY (this is NOT enough to take out long-.term carry trades...), this intervention was with the U.S participation, so it should/has to matter !..., CHFJPY still way out of PPP valuations (we still like this cross lower), equity markets put in the 'Leopold lows' late last week (when the cat is out of the bag 'Leopold liquidation', it marks the lows, pretty standard stuff..), DAX makes new all time highs as we start August Japan’s Finance Minister Satsuki Katayama said: “We will not hesitate to conduct further coordinated intervention.” Germany's jobless rate 6.4%, back at 2020 pandemic levels Switzerland’s new energy challenge: keeping cool in a warming climate Leopold Aschenbrenner Breaks Silence After Hedge Fund’s $45B AI Bets Lead To 67% Crash In June [Investor Letter] France's 30-Year Yield hits highest level since the Global Financial Crisis, 4.78% Italy moves toward reviving nuclear power after four decades, with next-generation reactors potentially operating by 2033 Japan, US confirm joint yen-buying intervention, signal more action | Reuters Yen intervention: U.S. Scott Bessent, Japan confirm intervention Acyn on X: "Reporter: Why is the U.S. intervening to support the Japanese yen at this time? Trump: Japan’s been very good to us, with the exception, of course, of Pearl Harbor. https://t.co/MY2uFdDBYA" / X The answer to this question is mathematic. Japan owns $1.143 Trillion in US debt, according to the US Treasury. So if Japan needed to defend its currency without the US buying Yen it would almost certainly sell its US debt. That would lead to a rise in the interest rates. Kommt Vincenz mit blauem Auge davon? – Inside Paradeplatz Air conditioning in Switzerland: a new energy challenge Cyberangriff auf «Verzeichnis wirtschaftlich berechtigter Personen» - Vaterland online Silver outlook: room to run, but not to sprint – The Armchair Trader Fifa abandons $20bn investment plan after global backlash So the sky is not the limit for Gianni.. Leopold Aschenbrenner Breaks Silence After Hedge Fund's $45B AI Bets Lead To 67% Crash In June [Investor Letter] Migrants say hunger and hostility drove them back from Spain's Ceuta to Morocco | Reuters

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