Yen again?

Reuters Morning Bid · Dec 22, 2025 · 6m

Japan’s yen keeps sliding despite last week’s rate hike, raising the specter of government intervention. Meanwhile, Washington’s campaign against Venezuelan oil tankers is keeping energy markets on edge. And with Christmas week underway, traders are still waiting for the famed Santa rally to appear.

Today’s recommended read: Oil’s geopolitical premium vanished in 2025 - and may not return by Ron Bousso

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