The US dollar began the day on a strong footing, with USDJPY climbing above 155.00.

The US dollar attempts to claw back some losses after the November sell-off came to a halt.

The yen is being held back by escalating tensions between China and Japan, as well as soft data and speculative flows testing the intervention threshold.

The Australian Dollar (AUD) recovers its intraday losses but remains in the negative territory against the US Dollar (USD) on Tuesday after registering losses in the previous session.

The EUR/USD pair trades calmly near 1.1600 during the late Asian trading session on Tuesday, following the corrective move from an over two-week high of 1.1656.

The Japanese Yen stages an intraday recovery from the lowest level since early February, touched against its American counterpart during the Asian session on Tuesday, though it lacks follow-through buying or bullish conviction.

Favorable reaction to endorsements by governments and world financial leaders might have run its course. Sharply higher prices and expectations for further increases were likely overdone.

China’s ascent is slowing as debt, demographics, and crisis reshape its trajectory—mirroring America’s decline and intensifying the struggle for global power in a shifting multipolar world.

In this video, Ira Epstein discusses the recent downturn in the stock market and significant declines in metal prices, including gold, silver, copper, and platinum, while noting the stability of foreign currencies and a slight rise in the dollar.