OIl prices have jumped on the smaller than expected OPEC output hike.Oil futures markets are open for the week's trade, with a gap higher on the OPEC+ news over the weekend: OPEC+ to raise output by 137k bpd There were persistent reports and rumors last week that OPEC was considering raising 400-500k bpd to accelerate the wind down of the 'voluntary' phase of cuts. Instead, this pace stretches the return of barrels over the course of a year.
USD/JPY gap higher open on the back of Japanese politics, circa 149.35.We've been flagging, along with others, the dell off for yen if Takaichi was to sin. And this is what we've seen in the early hours here in Asia, in very thin liquidity.
Weekend news: China offers huge US investment plan to ease Trump-era security restrictions.China has urged the Trump administration to ease national-security limits on Chinese investments in the US, offering what officials described as a potentially enormous investment program in return.
AUD, ASX, Aussie bond traders - it's a (sort of) holiday in Australia today.It's a holiday in Australia's major market centre of Sydney today (sorry Melbourne). Markets are open but interest and liquidity is going to be diminished with Sydney out.
Monday open levels, indicative FX prices, 06 October 2025: Yen lower after Takaichi win.USD/JPY is around 149.50 (please read the caution I post each and every week re "market liquidity is very thin ... prices are liable to swing around".