In case you were unaware, foreign exchange markets buzzed with activity this morning after Trump vowed to impose large tariffs on major trading partners.

Here’s something for USDJPY traders this week… The Yen is the worst-performing G10 currency versus the dollar and is trading less than 4% away from its multi-decade high at 161.95!

With the US election done and dusted, the focus shifts back to key data from across the globe. Our attention falls on FXTM’s USDInd which could be rattled by key US data and Fed speeches including Jerome Powell.

This week, Bitcoin nearly touched $70,000 before tumbling on cooling Fed rate cut bets. Despite the selloff, prices are still up roughly 4% month-to-date – trading comfortably above the 200-day SMA.