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Japanese Prime Minister Sanae Takaichi said on Wednesday that it’s important for currencies to move in a stable manner and reflect fundamentals. Takaichi added that the government will take appropriate action against excessive and disorderly moves.

Trump’s autopen comments came during a speech in Pennsylvania about the economy, aimed at countering Democrats’ messaging about the U.S. affordability crisis.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 99.20 during the Asian trading hours on Wednesday.

• Important for currencies to move in stable manner, reflective fundamentals
• Will take appropriate action of excessive, disorderly moves

At what point does some serious worry hit the Japanese debt market? It’s no fun losing money on 10-year notes day after day.

This article was written by Adam Button at investinglive.com.

Silver continues to rally, it’s up 68-cents in Asia to $61.36, which is a fresh record high.

Silver is turning into a retail fomo trade if it hasn’t already. And the thing about silver is that when it rallies, it can really rally.

Trump talking (joking?) about vetoing Fed Governors due to Biden’s autopen certainly isn’t hurting the case for buying silver.

This article was written by Adam Button at investinglive.com.

Microsoft has pledged $17.5 billion in investment in India’s cloud and AI infrastructure, as major tech players commit to the growing market.

Economists warned that deflationary pressure on the world’s second largest economy will persist into next year, calling for fresh policy stimulus to spur demand.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.20 during the Asian trading hours on Wednesday.

• Prior was +0.2%
• m/m CPI -0.1% vs +0.2% exp
• PPI -2.2% vs -2.0% y/y

This is a step in the right direction but the PPI still shows falling prices and the m/m CPI.

This article was written by Adam Button at investinglive.com.

China Consumer Price Index (YoY) meets expectations (0.7%) in November