Global Market Jitters: Holiday Trading and Yen Watch

Global markets face a pivotal week as traders eye potential yen interventions amid upcoming U.S. Thanksgiving and Black Friday disruptions. In Japan, government intervention is possible to stabilize the yen. Meanwhile, in the U.S., upcoming retail sales will indicate consumer spending strength. UK awaits budget amidst market volatility.

Global markets enter a crucial juncture as currency traders watch nervously for potential yen interventions. Despite a slow start in Asia due to a Japanese holiday, attention is on Tokyo, where authorities may opt to stabilize the sliding yen.

This week's trading will be affected by the U.S. Thanksgiving holiday on Thursday and the subsequent Black Friday, which traditionally brings shortened trading hours. Historically, these periods of low liquidity have seen market interventions designed to maximize impact, with the Ministry of Finance directing the Bank of Japan in such activities.

Elsewhere, financial watchers focus on U.S. holiday shopping trends and retail sales, vital indicators of consumer spending health. In Europe, Britain's Finance Minister Rachel Reeves prepares for the budget announcement, aiming to balance fiscal prudence with electoral promises, amid ongoing market volatility.

(With inputs from agencies.)