Japan's Takaichi: We don't want to trigger an excessive yen declineHamas chief says they declare an end to the war today and permanent ceasefireFed's Barr: Not seeing a generalized spillover of tariffs into services inflationFed's Barr:Uncertainty about both inflation/jobs warrants cautious approach to further cutUS Senate rejects Democratic government funding bill.Make Argentina Great Again: The US buys pesos directlyU.S. Treasury auctions of $22 billion of the 30 year bonds at a high yield of 4.734%Consumers are flush: Airline stocks rise as Delta sees strong demandMarkets:Gold down $63 to $3974US 10-year yields up 1.1 bps to 4.14%WTI crude oil down $1.09 to $61.46USD leads, GBP lagsS&P 500 down 0.3%The yen continues to slump as Takaichi highlighted her plans to unveil a new round of stimulus and cut the gasoline tax. She tempered the decline by saying that she doesn't want 'excessive' yen weakness. EUR/JPY hit a record low yesterday but USD/JPY is in the middle of its 2025 range on account of USD weakness this year. I'd imagine she's thinking +165 before it gets excessive and that's why the small dip on her comment was quickly faded.The other mover today was the US dollar as it made a solid move to the upside. There wasn't a particular catalyst as the comments from Barr weren't much to mull and -- if anything -- were dovish. The one headline that really got my attention was from Delta Airlines, who highlighted that consumers began to spend again in July after a pause from early April and Liberation Day. The CEO talked about a continued acceleration as well, and that resonates with what we're seeing in the market and raises the possibility of fresh inflation and the Fed disappointing on the 103 bps in rate cuts that's priced in through next October.Adding to the dollar momentum were some technical breaks of recent levels, including USD/CAD rising to the highest since May, NZD/USD down to the lowest since April (50 bps cut earlier) and cable falling to the lowest since early August.Gold was caught in the round of profit taking and quickly fell as low as $3945 from a high of $4057. Selling accelerated on the break of $4000 but there have been some late bids creeping in and it's back to $3977.In equities, the heatmap of equities is telling as it shows about a dozen names carrying an otherwise-dismal day for the market. Nvidia hit fresh record highs as everyone piles into the AI trade. This article was written by Adam Button at investinglive.com.