Key Takeaways
- 💱 Japan considers the reaffirmation of existing commitments against excessive foreign exchange volatility as a major achievement in the G20 joint communique
- 📈 Commitments in the G20 joint communique stress the adverse implications of excessive volatility or disorderly movements in exchange rates on economic and financial stability
- 🇯🇵 Japan’s concerns about a weak yen affecting the cost of imports and consumption have prompted the push for inclusion of foreign exchange commitments in the communique
- 💹 Yen rebounded from lows ahead of Bank of Japan meeting, prompting policymakers to seek clarity on rate hike plans
- 🤝 Japan’s Finance Minister and U.S. Treasury Secretary met and discussed various topics, including foreign exchange, at the G20 meeting
- 💼 Fintech giant Revolut obtained a UK banking license after a three-year process
- 🇬🇧 Revolut’s license is in the "mobilization" stage with restrictions
- 🏦 IG Group Holdings experienced a decline in profits in fiscal year 2024
- 💰 CMC Markets on track to achieve projected net operating income for FY25
- 💱 NCM Investment licensed by the Financial Conduct Authority
- 🏎️ CFI partners with Lewis Hamilton as global brand ambassador
- 📉 Marathon Digital Holdings ordered to pay $138 million in damages after breaching contract
- 💼 OANDA Prop Trader launching in South Africa
- 💰 Program for self-directed traders to be signal providers on a profit-sharing basis
- 💳 Traders must pass a Challenge to qualify
- 🌍 Available in countries under OANDA’s Global Markets division
- 📈 Prop trading growing in popularity with reputable brokers entering the field
- 🪙 Traders can use cryptocurrencies to pay for challenges
- 🔄 Rebranding to align with offerings as signal providers
- 💸 Traders can earn up to 90% of profits generated
- 💻 Virtual capital in funded accounts with real market positions based on signals
Japan and Foreign Exchange Commitments
- 💱 Japan considers the reaffirmation of existing commitments against excessive foreign exchange volatility as a major achievement in the G20 joint communique
- 🇯🇵 Japan’s concerns about a weak yen affecting the cost of imports and consumption have prompted the push for inclusion of foreign exchange commitments in the communique
- 📈 Commitments in the G20 joint communique stress the adverse implications of excessive volatility or disorderly movements in exchange rates on economic and financial stability
- 💹 Yen rebounded from lows ahead of Bank of Japan meeting, prompting policymakers to seek clarity on rate hike plans
- 🤝 Japan’s Finance Minister and U.S. Treasury Secretary met and discussed various topics, including foreign exchange, at the G20 meeting
Financial Market Updates
- 💼 Fintech giant Revolut obtained a UK banking license after a three-year process
- 🇬🇧 Revolut’s license is in the "mobilization" stage with restrictions
- 🏦 IG Group Holdings experienced a decline in profits in fiscal year 2024
- 💰 CMC Markets on track to achieve projected net operating income for FY25
- 💱 NCM Investment licensed by the Financial Conduct Authority
Trading and Investments
- 🏎️ CFI partners with Lewis Hamilton as global brand ambassador
- 📉 Marathon Digital Holdings ordered to pay $138 million in damages after breaching contract
- 💼 OANDA Prop Trader launching in South Africa
- 💰 Program for self-directed traders to be signal providers on a profit-sharing basis
- 💳 Traders must pass a Challenge to qualify
- 🌍 Available in countries under OANDA’s Global Markets division
- 📈 Prop trading growing in popularity with reputable brokers entering the field
- 🪙 Traders can use cryptocurrencies to pay for challenges
- 🔄 Rebranding to align with offerings as signal providers
- 💸 Traders can earn up to 90% of profits generated
- 💻 Virtual capital in funded accounts with real market positions based on signals
Summary
Japan’s strong stance on foreign exchange commitments in the G20 joint communique reflects its efforts to maintain economic stability. Meanwhile, in the financial markets, companies like Revolut and CMC Markets are making significant strides. The world of trading and investments is also evolving with the rise of prop trading and opportunities for self-directed traders to become signal providers.