{"id":71714,"date":"2026-09-13T00:08:15","date_gmt":"2026-09-13T04:08:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-pivot-yen-flips-bullish-while-canada-shifts-toward-eu-ties\/71714\/"},"modified":"2026-09-13T00:08:15","modified_gmt":"2026-09-13T04:08:15","slug":"global-markets-pivot-yen-flips-bullish-while-canada-shifts-toward-eu-ties","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-pivot-yen-flips-bullish-while-canada-shifts-toward-eu-ties\/71714\/","title":{"rendered":"Global Markets Pivot: Yen Flips Bullish While Canada Shifts Toward EU Ties"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-pivot-yen-flips-bullish-while-canada-shifts-toward-eu-ties\/71714\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-pivot-yen-flips-bullish-while-canada-shifts-toward-eu-ties\/71714\/#Currency_Markets_Speculators_Flip_Long_on_Yen\" >Currency Markets: Speculators Flip Long on Yen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-pivot-yen-flips-bullish-while-canada-shifts-toward-eu-ties\/71714\/#Geopolitics_Canada_Eyes_%22Associated_Member%22_Status_with_EU\" >Geopolitics: Canada Eyes &quot;Associated Member&quot; Status with EU<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-pivot-yen-flips-bullish-while-canada-shifts-toward-eu-ties\/71714\/#Energy_Pipeline_Shutdown_Offsets_De-escalation_Hopes\" >Energy: Pipeline Shutdown Offsets De-escalation Hopes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-pivot-yen-flips-bullish-while-canada-shifts-toward-eu-ties\/71714\/#Corporate_Japan_Revamping_the_%22Toyota_Calendar%22\" >Corporate Japan: Revamping the &quot;Toyota Calendar&quot;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-pivot-yen-flips-bullish-while-canada-shifts-toward-eu-ties\/71714\/#Trade_Diplomacy_The_Rare_Earths_%22Anti-China%22_Bloc\" >Trade &amp; Diplomacy: The Rare Earths &quot;Anti-China&quot; Bloc<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Yen sentiment turns bullish<\/strong> as speculators build a net-long position of <strong>10,796 contracts<\/strong>, the first positive reading since February 2024.<\/li>\n<li><strong>Canada\u2019s Prime Minister Mark Carney<\/strong> is accelerating a strategic pivot toward the <strong>European Union<\/strong> after trade negotiations with the U.S. under President Trump broke down.<\/li>\n<li><strong>Oil supply risks intensify<\/strong> as Saudi Arabia shuts its <strong>1,200-km East-West pipeline<\/strong> following a drone attack, even as Iran and UAE leaders meet for de-escalation talks.<\/li>\n<li><strong>Japanese automakers<\/strong> including Toyota (<a href=\"\/stock\/TM\">TM<\/a>) are overhauling 50-year-old factory calendars to eliminate &quot;working on holidays&quot; in a bid to attract younger talent.<\/li>\n<li><strong>U.S.-China tensions escalate<\/strong> over the disappearance of an American academic in China, coinciding with Trump\u2019s preparations to press Xi Jinping on detainees.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Currency_Markets_Speculators_Flip_Long_on_Yen\"><\/span>Currency Markets: Speculators Flip Long on Yen<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Speculative positioning on the Japanese yen has undergone a &quot;sea change,&quot; turning net long for the first time in seven months. According to <strong>CFTC data<\/strong> released late Friday, non-commercial net positions reached <strong>10,796 contracts long<\/strong>, a massive reversal from the <strong>92,227 contracts short<\/strong> recorded just one week prior.<\/p>\n<p>The shift comes as the yen strengthened to <strong>\u00a5152.89 per dollar<\/strong>, its highest level since mid-February. <em>Traders are increasingly pricing in a 25-basis-point rate hike<\/em> from the <strong>Bank of Japan (BOJ)<\/strong> at its September 17-18 meeting, while also reacting to pressure from U.S. Treasury Secretary Scott Bessent for Tokyo to take more decisive action on its currency.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Geopolitics_Canada_Eyes_%22Associated_Member%22_Status_with_EU\"><\/span>Geopolitics: Canada Eyes &quot;Associated Member&quot; Status with EU<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Following the collapse of trade talks with Washington, Canadian Prime Minister <strong>Mark Carney<\/strong> is reportedly seeking to make Canada an &quot;associated member&quot; of the European Union. Carney is scheduled to visit <strong>Strasbourg<\/strong> this week to attend the State of the European Union speech by <strong>Ursula von der Leyen<\/strong> and address the European Parliament.<\/p>\n<p>The move aims to reduce Canada&#39;s economic reliance on the U.S. after the implementation of retaliatory tariffs on <strong>$20 billion<\/strong> worth of American goods. <em>The strategic pivot includes potential collaboration on critical mineral stockpiles and a digital trade agreement<\/em>, marking a historic rupture in the North American economic alliance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Energy_Pipeline_Shutdown_Offsets_De-escalation_Hopes\"><\/span>Energy: Pipeline Shutdown Offsets De-escalation Hopes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Global oil supply concerns spiked after <strong>Saudi Arabia<\/strong> temporarily closed its vital <strong>East-West oil pipeline<\/strong> following a drone attack. The pipeline, which transports roughly <strong>4 million to 5 million barrels per day<\/strong> (approx. 5% of global supply), serves as the primary alternative to the <strong>Strait of Hormuz<\/strong>, where traffic has already fallen to nearly half its 10-day average.<\/p>\n<p>While Iranian President <strong>Masoud Pezeshkian<\/strong> met with the <strong>UAE\u2019s Crown Prince<\/strong> in New Delhi to discuss regional stability, the <strong>International Energy Agency (IEA)<\/strong> warned that the supply gap will likely widen. The IEA now expects global supply to decline by <strong>5.7 million barrels per day<\/strong> this year, deeper than previous forecasts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Corporate_Japan_Revamping_the_%22Toyota_Calendar%22\"><\/span>Corporate Japan: Revamping the &quot;Toyota Calendar&quot;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Japan\u2019s major automakers are preparing to launch new factory calendars by <strong>FY2027<\/strong> to combat chronic labor shortages. Toyota Motor (<a href=\"\/stock\/TM\">TM<\/a>) is leading the charge by overhauling its 50-year-old &quot;Toyota Calendar,&quot; which traditionally required employees to work on public holidays in exchange for longer breaks during Golden Week.<\/p>\n<p>The new system aims to create more <strong>three-day weekends<\/strong> and align with the needs of dual-income households. Other major players like Nissan (<a href=\"\/stock\/NSANY\">NSANY<\/a>) and Honda (<a href=\"\/stock\/HMC\">HMC<\/a>) are expected to follow suit as the <strong>Japan Automobile Manufacturers Association (JAMA)<\/strong> promotes industry-wide workstyle reforms to remain competitive in securing talent.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trade_Diplomacy_The_Rare_Earths_%22Anti-China%22_Bloc\"><\/span>Trade &amp; Diplomacy: The Rare Earths &quot;Anti-China&quot; Bloc<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A group linked to U.S. Vice President <strong>JD Vance<\/strong> has reportedly approached Brazilian Senator <strong>Fl\u00e1vio Bolsonaro<\/strong> regarding a strategic minerals deal designed to counter China\u2019s dominance. The proposal suggests trading Brazilian rare earths for U.S. support, aligning with the Trump administration&#39;s &quot;Project Vault&quot; to build a multibillion-dollar mineral stockpile.<\/p>\n<p>This development occurs as <strong>Fl\u00e1vio Bolsonaro<\/strong> faces a domestic corruption probe and as the U.S. State Department officially designates American scholar <strong>Min Zin<\/strong> as &quot;wrongfully detained&quot; in China. <em>The intersection of resource security and hostage diplomacy<\/em> continues to define the increasingly volatile U.S.-China relationship.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Yen sentiment turns bullish as speculators build a net-long position of 10,796 contracts, the first positive reading since 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