SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 01/26/26 05:55 AM EST05:55 AM EST, 01/26/2026 (MT Newswires) -- Societe Generale in its early Monday economic news summary pointed out:
-- The US dollar (USD) swoons as Japan ups intervention rhetoric, Asia/USD bid led by yen (JPY) and South Korea's KRW. Gold crosses $5,000, USD/JPY plummets 1.1% to 153.95. EUR/USD nears 1.19. USD/KRW -1.6% to 1,437. 10-year Japanese government bond -1.5bps at 2.22%, Bund -2bps at 2.885%, 10-year United States Treasury yield dips below 200dma (4.23%), shrugs off higher energy prices, S&P futures -0.1%.
-- New York Fed checked yen spot rates on Friday, signaling coordination with Japan. Prime Minister Takaichi: government is ready to take action, top currency diplomat Mimura: authorities will respond in close coordination with counterparts in the U.S.
-- Week ahead: Federal Reserve, Sweden's Riksbank and Bank of Canada forecast to stand pat. U.S. producer price index, durable goods orders, trade balance, consumer confidence. Eurozone Q4 gross domestic product, Germany Ifo survey, consumer price index for Germany and Spain. Brazil, South Africa, Hungary and Chile forecast to keep rates on hold.
-- Nikkei -1.8%, EUR 10-year IRS -2bps at 2.905%, Brent crude +0.5% at $66.2/barrel, Gold +2% at $5,093/oz.
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