The USD/JPY pair has recently stabilised around 151.35, prompting verbal interventions from Japanese authorities due to the weakening of the Japanese yen. Finance Minister Shunichi Suzuki mentioned the likelihood of measures to normalise the yen, citing excessive volatility as a concern for trading partners and businesses. Monetary policy official Masato Kanda also expressed that the
The recent news regarding inflation in Japan indicates that the country is experiencing a gradual weakening of inflation rates, aligning with initial expectations. The Core CPI in Japan, when compared to previous months, has shown a decline in annual terms. With actual rates falling below forecasted and previous values, the economy is facing challenges in
The market sentiment is currently being influenced by the anticipated Federal Reserve rate cut in June. This particular expectation is playing a key role in keeping the gains of the U.S. Dollar Index in check. Any deviation from these expectations, especially if driven by unforeseen economic outcomes, could have a significant impact on the strength
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
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)