Currency Market Updates: 💹 Japan’s yen saw a sudden jump on Monday due to intervention from authorities 📉 Yen’s value against the dollar dropped nearly 11% this year and 35% over the last three decades 🔄 Yen has been weak against multiple currencies over the last four years 📈 Weak yen has positively impacted Japan’s … Read more
Key Takeaways: 💹 The yen surged against the dollar due to suspected intervention by Japanese authorities 📉 The dollar dropped to 154.40 yen from 160.245 earlier in the day 🌐 Some traders hoped the Bank of Japan would taper purchases to slow down the yen’s decline, but it did not 📈 Currency traders believe Japanese … Read more
Key Takeaways 💰 Increased use of digital currencies in Venezuela due to U.S. sanctions 🛡️ Need for greater scrutiny by regulators and law enforcement 🌎 Digital transactions rapidly growing in developing regions 🔍 Efforts to combat money laundering and illicit proceeds 🌐 U.S. administration pushing for increased regulation in cryptocurrency transactions 💡 Experts and politicians … Read more
Key Takeaways: 💵 The yen surged against the dollar on suspected intervention by Japanese authorities 📉 The dollar fell to 154.40 yen from 160.245, last trading at 156.80 yen 📈 A weaker yen benefits Japanese exporters but poses challenges for policymakers 🏦 Japanese banks were seen selling dollars for yen 🔒 Tokyo is concerned about … Read more
Key Takeaways 💹 Yen jumped against the dollar due to suspected intervention by Japanese authorities 📉 Yen fell sharply from 160.245 to 156.55 against the dollar 🏦 Japanese banks were observed selling dollars for yen 📊 Japan intervened in the currency market three times in 2022 🌐 U.S., Japan, and South Korea to consult closely … Read more
Key Takeaways 💹 Japanese yen weakened after middling signals from the Bank of Japan and U.S. interest rate expectations 📈 USDJPY pair rose to a 34-year high of 160.20 🔒 BOJ did not offer concrete signals on monetary policy 📉 Wide gap between U.S. and Japanese interest rates pressured yen 🚫 Limited impact of Japanese … Read more
Key Takeaways: 💹 The dollar hit a 34-year high against the yen, reaching the highest level since June 1990 📈 The dollar was set for a 2% weekly gain against the Japanese currency, the largest since mid-January 💰 On the US side, inflation data showed monthly and yearly increases in the personal consumption expenditures (PCE) … Read more
Key Takeaways 💵 US Dollar drifted lower ahead of key US inflation data 📉 GDP growth slower than expected at 1.6% 📈 Core inflation beat forecasts at 3.7% 🔎 Market focuses on release of PCE price index data 🇪🇺 Eurozone inflation expectations lowered to 3.0% 🇯🇵 USD/JPY rose to new 34-year highs 💡 BoJ forecasts … Read more
Key Takeaways: 💵 Most Asian currencies weakened and dollar steadied ahead of key US inflation data 🇦🇺 Australian dollar supported by strong inflation data leading to bets on higher rates 📊 GDP data showed cooling growth in the US economy in the first quarter amid high inflation rates 💱 Despite weak GDP reading, traders are … Read more
Key Takeaways 🇯🇵 Japanese authorities bought yen in September 2022 to boost its currency 📉 Yen weakness now seen as problematic due to shifts in production and heavy reliance on imports 💬 Verbal warnings and rate checking by BOJ may signal imminent intervention 💰 Yen is currently at its weakest point in decades 🇯🇵 Bank … Read more