US equity indices retreated from new all-time highs as investors prepare for key earnings releases, while gold pulled back from a one-month high. Altcoins remained in demand, with Bitcoin underperforming. Tariff headlines fueled market nervousness as the dollar retreated despite improved risk appetite. The yen is trying to find its footing after Sunday’s election result, with the future clouded for Japan’s economy. Trump’s aim with the Fed remains unclear, with speculation about Powell’s future and potential influence on FOMC decisions. Chair Powell and supporter Bowman are expected to speak later today, potentially addressing monetary policy.

Read more at Investing.com: US Dollar Drops Despite Market Optimism, Fed and Tariff Jitters Persist