Yen holds strong as oil prices near 100 dollars

Sep 9, 2026

The Japanese yen steadied near a seven-month high while the dollar weakened as rising oil prices and Middle East tensions impact global markets. Traders are preparing for upcoming central bank meetings in the United States and Japan.

China oil demand is expected to decline by 8.9 percent in 2026 due to surging electric vehicle adoption and high prices. Sinopec research indicates gasoline and diesel will lead the consumption drop.

China oil demand to drop 8.9 percent in 2026

Sep 9, 2026

Investors are reassessing the yen carry trade as Japan's currency hits a seven-month high. Expectations of upcoming Bank of Japan rate hikes have sparked discussions about how shifts might impact global financial markets.

Yen Carry Trade Faces Pressure as BOJ Weighs Rates

Sep 9, 2026

Indian sponge iron prices reached a two-year high in August due to elevated imported coal costs and tight domestic supplies. High fuel prices and monsoon disruptions have driven up production expenses for manufacturers.

Indian Sponge Iron Hits Two-Year High

Sep 9, 2026