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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 3 Jul 2026 - - - #### 🚨 THE BANK OF JAPAN MAY HAVE STEPPED INTO THE FX MARKET AGAIN. USD/JPY surged to a fresh 40-year high of 162.84 before plunging to 160.90 within hours. A 1.2% intraday reversal in one of the world's most liquid currency pairs is highly unusual. It mirrors what happened in April and May, when Japanese authorities spent roughly $72–73 billion selling U.S. dollars and buying yen to slow the currency's collapse. The pattern looks strikingly familiar: • New multi-decade high. • Sudden, aggressive reversal. • Speculation of official intervention. There has been no official confirmation yet. But the speed and magnitude of the move are exactly what markets expect when Tokyo steps in. Even after the sharp rebound, the yen remains close to its weakest level in four decades, keeping pressure on policymakers as imported inflation rises and global markets watch for their next move. Source: Bull Theory [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) ![🚨 THE BANK OF JAPAN MAY HAVE STEPPED INTO THE FX MARKET AGAIN.](https://blog.syzgroup.com/hubfs/7-Jul-03-2026-02-42-14-0251-PM.jpg) ![🚨 THE BANK OF JAPAN MAY HAVE STEPPED INTO THE FX MARKET AGAIN.](https://blog.syzgroup.com/hubfs/7-Jul-03-2026-02-42-14-0251-PM.jpg) 29 Jun 2026 - - - #### The US dollar has OUTPACED every G10 currency this month. Source: Steve Hanke @steve\_hanke [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![The US dollar has OUTPACED every G10 currency this month.](https://blog.syzgroup.com/hubfs/7-Jun-29-2026-03-39-35-9005-PM.jpg) ![The US dollar has OUTPACED every G10 currency this month.](https://blog.syzgroup.com/hubfs/7-Jun-29-2026-03-39-35-9005-PM.jpg) 19 Jun 2026 - - - #### The dollar index $DXY bounced off a major long-term weekly trend line and is now pressing into key short-term resistance levels. The setup has echoes of the 2020/21 consolidation, when an extended period of range trading eventually gave way to a powerful breakout higher. Importantly, the dollar is also trading comfortably above its 50-week moving average, reinforcing the improving medium-term trend. A decisive move through the 100.5 area would strengthen the breakout case. After spending more than a year coiling inside the current range, a break higher risks creating a vacuum move as traders scramble to adjust to a regime shift in the dollar. Source: TME LSEG [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![The dollar index $DXY bounced off a major long-term weekly trend line and is now pressing into key short-term resistance levels.](https://blog.syzgroup.com/hubfs/5-Jun-19-2026-02-19-57-8260-PM.jpg) ![The dollar index $DXY bounced off a major long-term weekly trend line and is now pressing into key short-term resistance levels.](https://blog.syzgroup.com/hubfs/5-Jun-19-2026-02-19-57-8260-PM.jpg) 15 Jun 2026 - - - #### The market is massively rebuilding one of the most powerful, but also one of the riskiest trades out there: shorting the yen 📉 Many investors are once again betting on further yen weakness, even as the currency trades near a very sensitive level around 160 against the dollar, and have built their largest bearish positions on the yen since 2017. ⚠️ Market now seems to see these risks as largely priced in. A BoJ rate hike is no longer a real surprise, neither is intervention from the Ministry of Finance. The yen can still weaken gradually from here but the risk of a brutal squeeze rises as bearish positioning keeps building. Source: Christophe Barraud, Bloomberg [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![The market is massively rebuilding one of the most powerful, but also one of the riskiest trades out there: shorting the yen](https://blog.syzgroup.com/hubfs/4-Jun-15-2026-12-04-38-8357-PM.jpg) ![The market is massively rebuilding one of the most powerful, but also one of the riskiest trades out there: shorting the yen](https://blog.syzgroup.com/hubfs/4-Jun-15-2026-12-04-38-8357-PM.jpg) 29 May 2026 - - - #### The Fed expanded the money supply by nearly $9 trillion under Powell. Inflation has averaged \>4% per year over the past 6 years. Powell's explanation? It was nearly all due to rolling “supply shocks" over which the Fed has no control. The truth: this inflation was made in Washington as it always is - from too much government borrowing/spending and too much government creation of money. Source: Charlie Bilello [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![The Fed expanded the money supply by nearly $9 trillion under Powell.](https://blog.syzgroup.com/hubfs/1-May-29-2026-01-16-10-2167-PM.jpg) ![The Fed expanded the money supply by nearly $9 trillion under Powell.](https://blog.syzgroup.com/hubfs/1-May-29-2026-01-16-10-2167-PM.jpg) 19 May 2026 - - - #### Turkish Lira falls to an all-time low against the U.S. Dollar Now down 98% since 2010 Source: Barchart [#Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) ![Turkish Lira falls to an all-time low against the U.S. Dollar](https://blog.syzgroup.com/hubfs/7-May-19-2026-01-28-37-8955-PM.jpg) ![Turkish Lira falls to an all-time low against the U.S. Dollar](https://blog.syzgroup.com/hubfs/7-May-19-2026-01-28-37-8955-PM.jpg) 18 May 2026 - - - #### Is there a trade here? Crude and the dollar have never been this positively correlated. Source: Bloomberg, RBC [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Is there a trade here? Crude and the dollar have never been this positively correlated.](https://blog.syzgroup.com/hubfs/5-May-18-2026-03-31-25-8748-PM.jpg) ![Is there a trade here? Crude and the dollar have never been this positively correlated.](https://blog.syzgroup.com/hubfs/5-May-18-2026-03-31-25-8748-PM.jpg) 8 May 2026 - - - #### Japan's Ministry of Finance appears to be intervening in currency markets repeatedly: The Japanese yen surged +1.8% in under 30 minutes during Asian trading on Wednesday, briefly touching 155.04 per US Dollar, the latest in a series of sharp moves consistent with official intervention. This comes after Japan's first intervention since 2024 on April 30, when Bank of Japan account analysis indicated authorities spent ~$34.5 billion to defend the yen. Meanwhile, Goldman Sachs estimates Japan still has enough reserves to intervene ~30 more times at this scale. The 157 level is emerging as the new line in the sand for Japanese authorities, with the Ministry of Finance warning speculators last week that "the timing for taking bold steps is nearing." Japan is desperate to prevent the Yen from weakening past 160 per US Dollar. Source: Bloomberg, Global Markets Investor [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![Japan's Ministry of Finance appears to be intervening in currency markets repeatedly:](https://blog.syzgroup.com/hubfs/11-May-08-2026-03-22-31-6007-PM.jpg) ![Japan's Ministry of Finance appears to be intervening in currency markets repeatedly:](https://blog.syzgroup.com/hubfs/11-May-08-2026-03-22-31-6007-PM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/forex/page/4) [3](https://blog.syzgroup.com/syz-the-moment/tag/forex/page/3) [4](https://blog.syzgroup.com/syz-the-moment/tag/forex/page/4) [5](https://blog.syzgroup.com/syz-the-moment/tag/forex/page/5) [6](https://blog.syzgroup.com/syz-the-moment/tag/forex/page/6) [7](https://blog.syzgroup.com/syz-the-moment/tag/forex/page/7) [❯](https://blog.syzgroup.com/syz-the-moment/tag/forex/page/6) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/forex/page/25?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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