On Tuesday, the yen jumped to its record highs in four months. The surge was caused by an unexpected announcement made by the Bank of Japan of a change in its bond yield control program.

On Tuesday, the API reported that U.S. crude reserves fell more than expected.

The markets were stunned by the Bank of Japan (BoJ) move away from its ultra-soft monetary policy. Immediately afterwards, the U.S. dollar fell, while the yen soared.

The decision of the last Fed meeting did not provide significant support to the U.S. dollar exchange rate. Commerzbank's economists expect the dollar to struggle in the next few weeks.

The World Bank has lowered China's GDP growth forecast for this year and next year. This change is due to a sharp weakening of measures against COVID-19, as well as the continued vulnerability of the real estate sector.

The Bank of Japan (BOJ) raised a yield cap on 10-year government bonds from 0.25% to 0.5%. The unexpected results of the meeting led to the yen’s strengthening.

Limiting natural gas prices in Europe threatens to lower shipments to the region and intensify the energy crisis. Additionally, the cap will make it difficult for European importers to significantly raise rates in order to secure LNG supplies.

The slump in Australia's real estate market, recorded after the COVID-19 pandemic, is likely to worsen next year. This is due to the need to cover mortgages taken in 2020-21, when interest rates reached their all-time lows.

The U.S. public debt will continue to rise over the next thirty years, reaching a high that could jeopardize the country's economy, according to a new study.

Joachim Nagel, Bundesbank President, recently spoke on a time period inflation battling might take. In his recent statement, he asked the public of Germany to be patient, as fighting inflation may take time.