The Japanese Yen (JPY) has been facing challenges in gaining significant traction, as intervention fears and uncertainty surrounding the Bank of Japan’s (BoJ) future policy steps continue to impact the currency. Traders are closely monitoring the situation, with some speculating that Japanese authorities may intervene in the markets to prevent further JPY weakness. However, the
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Sri Lanka’s central bank recently made an unexpected move by lowering interest rates by 50 basis points in an effort to boost growth and navigate through the country’s worst financial crisis in decades. This decision came as a surprise to many, as most economists and analysts had predicted that rates would remain unchanged. The Central
The recent Bank of Japan policy changes have caused the Japanese yen to show limited movement, with USD/JPY trading at 151.25 in the North American session, down 0.13%. Despite the rate hike by the BoJ, the yen did not respond with gains as expected, leading to a drop in value. The BoJ raised interest rates
Recent reports have revealed that one of the Binance executives who was detained in Nigeria has managed to escape custody, adding a new layer of complexity to an already intricate situation. In addition, the Nigerian government has taken a drastic step by filing four new charges of tax evasion against the global cryptocurrency exchange. These
The US Dollar (USD) is experiencing a slight retreat on Monday as the trading week begins with a sense of calm. However, traders are gearing up for what is expected to be a choppy and unpredictable week ahead, especially with a bank holiday scheduled for Friday. The US Dollar Index is currently hovering in the
The recent movement in the price of Bitcoin has raised concerns among investors as it approached the lower boundary of the ascending channel. The possibility of a weekly bearish candle forming with a 5% decline in BTC price seemed imminent. However, the situation took a turn over the weekend as the price of Bitcoin rebounded
The US housing sector data plays a crucial role as a leading indicator for the overall economy. Economists closely monitor trends in the housing sector to gauge consumer confidence and potential inflationary pressures. This data can significantly influence the decisions made by the Federal Reserve and impact consumer spending. Upward trends in the housing sector
The recent trend in forex markets has seen the dollar gaining strength against the yen, with the yen reaching a multi-decade low of 151.25 per dollar. Despite this, Japanese authorities have expressed concerns about the yen’s weakness, labeling it as not reflective of underlying fundamentals. The Bank of Japan’s interest rate hike has also added
The recent decline of EUR/USD from the 1.0950 resistance zone has put the pair in a bearish zone. With a break below the 1.0880 support, EUR/USD entered a key contracting triangle with support at 1.0840. This led to the pair settling below the 1.0850 level, as well as the 100 simple moving average (red, 4-hour)
The private equity landscape in Asia Pacific experienced a significant decline in total deal value last year, reaching its lowest point since 2014. This decrease was primarily attributed to a combination of factors such as slowing economic growth, high interest rates, and volatile public markets. Fundraising also dropped to a 10-year low, reflecting the challenges
China’s Premier Li Qiang recently spoke about the nation’s economic policies at the China Development Forum in Beijing. He emphasized the importance of increasing domestic demand and ensuring equal treatment for all businesses, both domestic and foreign. One key point he made was that China’s low inflation rate and central government debt ratio provide ample
The International Monetary Fund’s Managing Director Kristalina Georgieva recently emphasized the need for China to “reinvent itself” with new economic policies to accelerate the resolution of its ongoing property market crisis. Georgieva urged Chinese officials to consider a shift towards high-quality growth, which would involve boosting domestic consumption and productivity. Georgieva stressed the importance of