Cryptocurrency Market Update: 💸 Bitcoin fell for a third day, down 4.7% to $57,055 📉 Bitcoin’s worst monthly performance in April, down nearly 16% 🐻 Bitcoin now in a bear market, 22% below March’s record high 💼 Investors pulling money out of cryptocurrencies ahead of Federal Reserve interest rate decision 📉 10 largest U.S. spot … Read more
Key Takeaways 💸 Bitcoin fell for a third day following its worst monthly performance in April 📉 Value of Bitcoin fell by nearly 16% in April 🌍 Fed is not expected to make changes to interest rates, impacting interest rate-sensitive assets like cryptocurrencies 💰 Bitcoin’s price drops below $58,000 📉 The drop is attributed to … Read more
Key Takeaways 💱 BOJ hinted at a possible rate hike in autumn with a consecutive hike plan in mind. 💱 The Bank of Japan hinted at possible rate hikes in the future, with a potential hike in autumn. 💱 BOJ could raise rates in several stages in the years ahead, with a possible hike in … Read more
Key Takeaways: 💵 Most Asian currencies remained stable as the dollar approached a six-month high 📈 Dollar index and futures rose ahead of the Federal Reserve meeting 🗓️ Fed expected to keep rates steady with a hawkish outlook 🇯🇵 Japanese yen weakened despite suspected government intervention 🇨🇳 USD/CNY traded higher with mixed data pointing to … Read more
Key Takeaways: 💸 Yen fell against the dollar on Tuesday 📉 Yen down 4.04% against the dollar for the month 🇺🇸 US labor costs data boosted the dollar 📈 Dollar index gained ground 👀 Markets watching Fed’s policy path 💰 Supported and stronger US dollar expected 🏦 European Central Bank likely to lower interest rates … Read more
Key Takeaways 💵 The yen weakened against the dollar after suspected intervention by Japanese authorities. 📈 U.S. economic data supported the dollar, showing labor costs increased more than expected. 🔍 The Fed is expected to hold rates during its meeting, with hints about future policy by Chair Jerome Powell awaited. 💰 Japanese officials may have … Read more
Key Takeaways: 💴 Japan ready to handle foreign exchange matters 24/7 📈 Money market data suggests Japan spent $35 billion to support yen 🔄 Yen buying on Monday indicated possible intervention 🤝 IMF in close discussions with Japan on exchange rate regime 📚 Carry trades contribute to yen’s depreciation 📉 Yen has been depreciating due … Read more
Key Takeaways: 💰 Yen falls against the dollar following suspected intervention by Japanese authorities 📉 Yen was briefly at 156.50 before recovering to 157 💹 Bank of Japan may wait before further intervention, 160 remains a critical level 🏦 BOJ left monthly bond buying plan unchanged for May 🇺🇸 Focus shifts to the Federal Reserve’s … Read more
Key Takeaways: 💵 Dollar gained ahead of Fed meeting 🇯🇵 Yen retreated after suspected intervention 🇪🇺 EUR/USD struggled to make ground against the strong dollar 🛒 German retail sales rose more than expected in March 💶 Eurozone inflation and growth data awaited 🇬🇧 GBP/USD fell due to dollar strength 🇨🇳 USD/JPY rose with yen weakened … Read more
Key Takeaways: 💰 Yen fell against the dollar on Tuesday 📉 Currency off its 34-year low after intervention 🇯🇵 Japanese authorities may not be targeting specific levels 🏦 Investors expect Japanese bonds to remain low 📈 Fed expected to hold rates, likely to have a hawkish message 💵 Dollar rose against a basket of currencies … Read more