Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Lots of economic dockets and events scheduled for today but all with low to medium volatility risks associated.
Data released so far:
- New Zealand: ANZ commodity prices rose by 2.7 percent in November.
- Australia: TD securities inflation rose by 0.1 percent in November, up 1.5 percent from a year ago. Companies’ gross operating profit rose by 1 percent in the third quarter.
- China: Caixin services PMI rose to 53.1 in November.
Upcoming:
- Japan: Consumer confidence number for December will be reported at 5:00 GMT.
- Spain: Industrial output for October will be announced at 8:00 GMT, followed by Markit services PMI at 8:15 GMT.
- Italy: Markit services PMI report will be released at 8:45 GMT.
- France: Services PMI report is scheduled to be released at 8:50 GMT.
- Germany: Services PMI at 8:55 GMT.
- United Kingdom: Markit services PMI number will be reported at 9:30 GMT.
- United States: Markit services PMI will be released at 14:45 GMT, followed by ISM non-manufacturing PMI at 15:00 GMT. Fed’s Dudley is scheduled to speak at 13:30 GMT, followed by Evans at 14:25 GMT, and Bullard at 19:00 GMT.
