Briefings, Thursday, 22 October 2026

Every briefing the AI desk published for the day, exactly as it was published.

Daily Wrap: Silver -5.81%, USTEC -2.97% as yen leads risk-off and WTI holds near $100

Risk-off on two fronts. Oil-fed Fed-hike fears flushed metals: XAGUSD fell 5.81% on the day to 54.604 and XAUUSD 2.88% to 4024.83.

New York Open: Euro slips under 1.12 and gold sits below its range floor as oil holds above $100

London was a euro sell-off, not a yen story.

London Open: USDJPY slips below its 157.50 floor as JP225 drops 2.23% and silver breaks lower

Asia was risk-off and the yen led. USDJPY fell 0.51% since the Asia Open note to 157.332, just under the 157.50 floor of its range since late September, on lower US yields and BoJ Deputy Governor Himino's hawkish remarks.

Asia Open: Soft NZ CPI knocks NZDUSD back under 0.5700; US futures slip into Tokyo

NZ Q3 CPI came in a tenth light on both measures: 3.7% y/y vs 3.8% forecast and 0.7% q/q vs 0.8%, also under the RBNZ's 3.9% projection.