Yen Rallies as Asian Stocks Tumble, AUD/JPY Rejected at Key Resistance
Yen is the top-performing major currency as Asian tech and semiconductor stocks sell off sharply and China stimulus hopes fade. AUD/JPY has been rejected at the 111.04–111.19 resistance zone and broken below 110.37 support, suggesting its rebound from 108.62 may already be over, while USD/JPY's 156.36 level holds the key to a broader bearish reversal.
Silver Slides Toward Breakdown Support as Saudi Escalation Revives Oil Supply Risks
Silver has dropped roughly 2.8% to 56.32, sharply underperforming gold's 1.2% decline, as renewed attacks on Saudi infrastructure keep Brent near $110 and revive inflation-driven tightening concerns. A break below 55.37 would expose the 54.85–54.77 support cluster, with a deeper fall potentially bringing the $50 level back into focus.
French Bond Yields Hit 5% as Aussie Outruns Euro on RBA Repricing
France’s 10-year government bond yield has crossed the psychologically important 5% threshold for the first time since 2002, while the OAT–Bund spread is pressing toward its October high. Yet Euro is showing little evidence of an accelerating selloff. The divergence raises an important question: how much further can French sovereign stress develop before currency markets respond more decisively?
AUD/USD Tests Bullish Reversal as Hauser Revives RBA November Hike Risk
RBA Deputy Governor Andrew Hauser's warning that Australia's inflation outlook has "materially worsened" pushed November hike odds from ~27% to the 40–45% range. AUD/USD has broken above 0.7012 resistance and now faces a critical test at 0.7024–0.7035, with October 28's Q3 CPI report set to decide whether the repricing becomes a durable Aussie rally.
