The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.
2007 ET - JGB futures edge lower ahead of the Bank of Japan's rate decision due later in the day, where a rate increase is widely anticipated. "Given that a June hike is fully priced, the focus is on the BOJ's communications, particularly any signals on the path for future hikes," BofA Rates and Currencies Research says in a note. "With USD/JPY back above 160, the BOJ will need to sound sufficiently hawkish to keep expectations of further tightening alive and prevent further yen weakness," they add. The benchmark 10-year JGB futures are 0.15 yen lower at Y128.11. (ronnie.harui@wsj.com)
1946 ET - Japanese stocks may rise as concerns about the Middle East conflict ease following the U.S.-Iran peace deal. Nikkei futures are up 0.1% at 69520 on the SGX. The dollar is at 160.27 yen, compared with Y160.11 as of Monday's Tokyo stock market close. Investors are focusing on crude oil prices after President Trump said the Strait of Hormuz would be fully open Friday. The Bank of Japan's rate decision due later Tuesday is also being closely watched. The Nikkei Stock Average rose 5.0% to a record 69317.50 on Monday. (kosaku.narioka@wsj.com)
1546 ET - Treasury yields are slightly lower ahead of an expected Fed hold and peace deal to reopen the Strait of Hormuz. Oil prices fall, with WTI down 5%, while the WSJ Dollar Index reverses early gains and slips 0.1%. Uncertainties linger, however, as details of the announced peace agreement remain under wraps. Investors wait to see how new Fed Chairman Kevin Warsh will handle central bank communications. Markets still price in at least one Fed hike later this year. May housing starts are expected to contract 3.8%, in a WSJ consensus. The 10-year yield drops 0.017 percentage point to 4.468%. The two-year slips 0.020 p.p. to 4.063%. (paulo.trevisani@wsj.com; @ptrevisani)
1418 ET - Hyperliquid has risen 13.5% in the past 24 hours, according to data from Coinglass. That brings the token to $68.20, closing in on the record-high of a little more than $74. Hyperliquid is the fourth-most active token in cryptocurrency trading today, behind only bitcoin, ethereum, and solana, according to Coinglass. Hyperliquid is being supported by an upgrade to its underlying DeFi platform, which now allows for perpetual futures for other traditional assets like equities and exchanges, Grayscale says in a note. Bitcoin is up 4.5% to $66,813, ethereum rises 9.6% to $1,829, XRP is up 12.7% to $1.28, and solana rises 10.6% to $74.96. (kirk.maltais@wsj.com)
1334 ET - Netflix and iHeartMedia are growing the lineup of video podcasts under their exclusive partnership. Under the agreement, podcasts from Kate Hudson and Oliver Hudson, Lele Pons and Martha Stewart will launch as video shows on Netflix, the companies say. The agreement includes all new episodes from the podcast lineup as well as a select library episodes from each show. The latest collection of podcasts will begin rolling out on in the coming months and comes as Netflix works to broaden its content portfolio, including with more live content. iHeartMedia retains all audio-only rights and distribution for the shows included in the deal, and all podcasts will continue to be available on iHeartRadio. (kelly.cloonan@wsj.com)
1249 ET - The expected formation of an El Niño weather phenomenon that is seen persisting into early next year could cause economic disruption in a range of sovereigns, says Fitch Ratings. While the agency is unlikely to tie actions directly to El Niño, environmental stresses related to the phenomena could intensify fiscal, growth, inflation and external liquidity pressures for vulnerable sovereigns, Fitch says. "Global crop yields already face uncertainty due to higher fertilizer prices on supply disruption associated with the US-Iran war. Sustained shortages could amplify risks to globally traded food commodity prices posed by an El Niño phenomenon, potentially affecting inflation prospects even in highly rated sovereigns," Fitch says. (stephen.nakrosis@wsj.com)
1236 ET - Bitcoin ETFs posted a net inflow on Friday, according to data from Coinglass. The firm says that money inflow was net positive by $85.9 million on Friday, the strongest showing for ETFs so far this month. It's also the strongest net inflow in just over a month, according to Coinglass data. Today's data is not yet posted, but bitcoin prices are up 5% in the past 24 hours to over $67,000, CoinMarketCap data show. CoinMarketCap's Crypto Fear and Greed index has perked up as well, moving out of the "extreme fear" zone and to a reading of 26 out-of 100 -- a reading of "fear." (kirk.maltais@wsj.com)
1159 ET - The Swiss National Bank is expected to hold its key rate at zero both at this week's meeting and into next year, given the central bank's high bar to negative rates and inflation remaining firmly within the 0%-2% target, BNP Paribas economist Dani Stoilova says. Switzerland's economy is less exposed to the energy-price shock from the Iran war than European peers due to its energy mix and regulated electricity prices, with inflation likely to stabilize at around 0.5% both this year and 2027, she says in a note. The SNB's meeting guidance could instead emphasize increased willingness to intervene in foreign-exchange markets given the conflict, the accommodative stance of current monetary policy, and unchanged nature of medium-term price pressures in the bank's projections, she adds. (edward.frankl@wsj.com)
1149 ET - Cryptocurrencies are jumping on news of a U.S.-Iran peace deal. Reports helped spur recovery in crypto prices, as an end to the war is expected to allow macroeconomics to improve and ease inflation concerns. "Trump just handed the markets the biggest disinflationary event of 2026, and Bitcoin shot up on the news," says Nic Puckrin of Coin Bureau in a note. But Puckrin adds that it may be too early to tell if this upward momentum stays in place. I'd be cautious about assuming this is the end of Bitcoin's woes," he says. "There's more weighing down the price than just the Iran war, and those headwinds remain, which is why the bounce has been so lackluster." (kirk.maltais@wsj.com)
1125 ET - The dollar strengthens amid hopes of a normalization of oil trade through Hormuz, but until the U.S.-Iran deal is signed markets are likely to focus on "any potential pitfalls," Goldman Sachs analysts write. The speed with which tankers' flow can recover will also be closely watched, Goldman says. The analysts note that following the 2022 energy shock "terms of trade pressures extended long after the peak in commodity prices." Goldman adds that central bank decisions due in coming days are unlikely to shift based on the still uncertain U.S.-Iran deal. The WSJ Dollar Index rises 0.2%. The greenback strengthens 0.5% versus the Swiss franc and 0.3% against the euro. (paulo.trevisani@wsj.com; @ptrevisani)
1031 ET - The U.S.-Iran peace agreement to end the Middle East conflict and reopen the Strait of Hormuz puts downward pressure on oil prices, easing inflation fears, XTB's Kathleen Brooks says in a note. The development comes ahead of the Bank of England interest-rate decision on Thursday, when investors widely expect the BOE rate to remain unchanged at 3.75%. Markets are likely to focus on the vote split and BOE communication for clues on the possible direction of future rate decisions. Investors fully price in one quarter-point BOE interest rate hike in December, LSEG data show. (miriam.mukuru@wsj.com)
1017 ET - News of a peace deal with Iran is giving cryptocurrencies a lift in morning trade, with bitcoin up 3.7% to $66,304, ethereum up 8.2% to $1,807, XRP up 8.6% to $1.23, and solana up 8.4% to $73.46. The surge is coming as a reaction to the peace deal and what it may mean for inflation, as well as what's being termed "seller exhaustion." "A stronger dollar and elevated real yields have weighed on both gold and Bitcoin, reinforcing the view that liquidity conditions remain a more important driver than traditional safe-haven narratives," says analysts with Bitfinex in a note. "A sustained decline in energy prices could reverse those pressures and create a more supportive backdrop for risk assets, including crypto." (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
June 15, 2026 20:07 ET (00:07 GMT)
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