Japanese Finance Minister Shunichi Suzuki recently made a statement regarding foreign exchange (FX) moves, emphasizing the government’s readiness to respond appropriately to excessive fluctuations in the market. He expressed a high sense of urgency in closely monitoring FX moves and highlighted the importance of addressing any issues promptly. Factors Influencing the Japanese Yen The Japanese
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The U.S. Treasury yields are on the rise as investors eagerly await critical economic indicators to gain insights into the economy and determine the potential trajectory of interest rates. Specifically, the 10-year yield saw an increase of over two basis points to reach 4.6414%, while the 2-year yield followed a similar upward trend. With the
The Elliott Wave Analysis of Visa Inc. presented in the article provides insights into the daily and 4-hour chart movements of the stock. The analysis focuses on identifying the current phase as a corrective counter-trend phase with a ZigZag structure identified as Intermediate wave (4). The direction suggests a potential bottoming out in wave (4),
The once promising business prospects in China that Western financial firms eagerly pursued are now fading away. The economic uncertainty in China has caused many companies to rethink their expansion plans and talent recruitment strategies in the region. Firms like Fidelity International Ltd, Morgan Stanley, and Legal & General have started cutting China-focused jobs and
EURJPY is currently showing signs of upward movement, with the bulls gearing up to challenge the recent 165.34 high. Despite attempts by the bears to push the pair lower, the ascending trendline from December 7, 2023, has remained intact. The threat of intervention from Japanese officials, along with the upcoming BoJ meeting and dovish remarks
China’s data-driven quant trading funds are rapidly expanding overseas as competition intensifies domestically and regulators tighten their scrutiny over the $260 billion sector. Meridian & Saturn Capital (MS Capital) from Shanghai and Singapore have started offering their China strategy to offshore investors, while also preparing to invest in global markets. DH Fund Management recently set
The recent weakening of the Japanese Yen has raised concerns about potential spikes in import costs and inflation. This could have significant implications for household spending and the overall Japanese economy. As the Yen depreciates, the cost of importing goods and services from other countries could increase, leading to higher consumer prices domestically. The Bank
Centimillionaires, individuals with a total net worth surpassing $100 million, represent a minuscule fraction of the global population, standing at around 28,420 individuals. This exclusive group is primarily concentrated in major financial hubs such as New York City, the Bay Area, Los Angeles, London, and Beijing. According to Kevin Teng, CEO of WRISE Wealth Management
The gold price seems to be trading softer near $2,385 on Monday, with a consistent hawkish shift in market sentiment. This change in sentiment could potentially dampen the demand for the yellow metal, as investors may turn to other options in light of the Federal Reserve’s hawkish comments. While the escalating tensions in the Middle
Australia heavily relies on China for its exports, with one-third of its exports going to Chinese markets. This dependence on Chinese trade plays a significant role in the Australian economy, with around 20% of the workforce in trade-related jobs. Any changes in trade terms with China could have a direct impact on job creation and
The steel industry in China is currently facing significant challenges, primarily driven by decreasing local demand. Steel consumption in China is expected to shrink for the second year in a row due to a prolonged property crisis and slowing infrastructure growth. The China Metallurgical Industry Planning and Research Institute forecasts a 1.7% drop in steel
As we head into a new week, it is crucial to keep a close eye on various market indicators. The Research Team emphasizes the importance of monitoring not only the 2-year and 10-year UST yields but also the US Dollar Index and energy markets, specifically oil and gold. These indicators can give us valuable insights