USD/JPY: Signs of Fed pivot or mere countertrend dip?

tweet at 10:53am: #OPEC+ oil production cut was unnecessary - US President Biden #oott

tweet at 10:40am: RUSSIA'S NOVAK SAYS OIL-PRICE CAP WILL BACKFIRE ON THOSE WHO IMPOSE IT RUSSIA'S NOVAK SAYS RUSSIA WON’T SELL OIL TO COUNTRIES THAT ADOPT PRICE CAP

tweet at 10:44am: OPEC+: THE REDUCTION IS BEING DRIVEN BY GLOBAL ECONOMIC UNCERTAINTY. tweet at 10:43am: SAUDI OPEC TARGET MOVES TO 10.5M B/D FOR NOVEMBER - DECEMBER - STATEMENT #OOTT #OPEC tweet at 10:44am: FULL STATEMENT: The OPEC+ communiqué. The group cuts output by 2m b/d from the August required output levels; extends cooperation deal with Russia until end of 2023. The group justifies its decision due to "uncertainty that surrounds the global economic and oil market outlook" https://t.co/3JjMUcOk9W33rd OPEC and non-OPEC Ministerial Meeting The 45th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 33rd OPEC and Non-OPEC Ministerial Meeting took place in person at the OPEC Secretariat in Vienna, Austria, on Wednesday, 5 October 2022. In light of the uncertainty that surrounds the global economic and oil market outlooks, and the need to enhance the long-term guidance for the oil market, and in line with the successful approach of being proactive, and preemptive, which has been consistently adopted by OPEC and Non-OPEC Participating Countries in the Declaration of Cooperation, the Participating Countries decided to: Reaffirm the decision of the 10th OPEC and non-OPEC Ministerial Meeting on 12 April 2020 and further endorsed in subsequent meetings including the 19th OPEC and non-OPEC Ministerial Meeting on 18 July 2021. Extend the duration of Declaration of Cooperation until the 31st of December 2023 Adjust downward the overall production by 2 mb/d, from the August 2022 required production levels, starting November 2022 for OPEC and Non-OPEC Participating Countries as per the attached table. Reconfirm the baseline adjustment approved at the 19th OPEC and non-OPEC Ministerial Meeting. Adjust the frequency of the monthly meetings to become every two months for the Joint Ministerial Monitoring Committee (JMMC). Hold the OPEC and non-OPEC Ministerial Meeting (ONOMM) every 6 months in accordance with the ordinary OPEC sched

The President is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s ...

tweet at 11:40am: SAUDI OIL MIN: REAL SIZE OF CUT IS ABOUT 1-1.1M B/D tweet at 11:41am: SAUDI ENERGY MINISTER SAYS WE DONT KNOW HOW THE RUSSIAN OIL PRICE CAP WILL WORK