
S&P 500 Forecast: SPX rises as oil prices fall, but treasuries remain at multi-decade highs
U.S. stocks are rising on Friday after a volatile week that saw a surge in Treasury yields ripple through financial markets.
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U.S. stocks are rising on Friday after a volatile week that saw a surge in Treasury yields ripple through financial markets.

The year-end tug-of-war is clear: hawkish Fed pricing supports USD/JPY, while intervention risk limits the upside.

The final stretch of 2026 is approaching, and North America's major currencies have begun to show a shift in the strength dynamics seen earlier in the year. New expectations of a more aggressive monetary policy stance, particularly in the United States, could be significantly reshaping the outlook for the region. At the same time, this backdrop, combined with potential trade tensions across North America, may become one of the most important drivers of currency performance in the months ahead.
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