Yen Surge, Gold Rally, and ASX Wildcards | Sydney News

Markets ended the week split: ASX dipped on falling copper and aluminum, hurting BHP, while US indices soared on surprisingly tame inflation data calming rate hike fears. Japan’s Nikkei surged thanks to rumored US support for a weakening yen — a move that quietly benefits America too, since a collapsing yen widens the trade gap and could force Japan to sell massive US debt holdings, risking bond market chaos. Gold and oil rose as investors fret over dollar strength and global stability, fueled by Chinese buying and US currency intervention. Back home, Australia dumped $2.5 billion into Rio Tinto’s smelter amid soaring power costs — drawing fire for fiscal distraction. On the ASX, small caps and juniors dominated, with Accent Resources exploding 5,000% on speculative hype, not fundamentals — proving how fast momentum can ignite in tight markets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/920ab234f0f5bf0f