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Generally speaking, I am not inclined to favor the idea of purchasing the Japanese yen, primarily due to my belief that the Bank of Japan may be facing more challenges in terms of monetary tightening compared to other central banks.  On Thursday, the US dollar experienced a substantial decline in value, with its downward trajectory

Japanese Finance Minister Shunichi Suzuki said Friday the government is closely monitoring developments in the foreign exchange market after the yen rose sharply against the U.S. dollar on market speculation of a policy change by the Bank of Japan. Suzuki declined to say how Japanese authorities would respond, as his comments could sway forex markets.

Gold surged higher at the start of this week after tensions in the Middle East escalated once again, breaking the previous record high at $2,075 and establishing a new high at $2,144-45. But made a strong bearish reversal the next day and the situation is looking increasingly favorable for sellers. Today we saw a spike

Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. More than 37% of the MLAs elected in the recently concluded assembly elections in five states face at least one criminal case against them, and

Today the economic calendar has been light, with the US unemployment claims for last week, although, comments from the BOJ governor Ueda who discussed a policy exit, sent the JPY surging higher which is also the strongest currency today., Although the USD is showing some weakness across the board once again. Source link

Markets A fairly thin eco calendar and blackout-periods for major central bankers made this morning’s Japanese moves the main talking point. Comments by deputy governor Himino and governor Ueda suggest a sense of urgency within the BoJ to normalize policy rates before the window of opportunity closes. November Tokyo inflation figures suggest a faster return

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US 500 index is trading sideways amidst key market events It failed to record a new 2023 high, denting bullish sentiment Momentum indicators point to increasing bearish pressure The US 500 cash index is trying to record a green candle today as it trades in the busy 4,533-4,550 area. The aggressive move from the October