Monthly Archives: June 2024
Japan Warns For Market Intervention To Protect Yen
Written on June 26, 2024 at 6:23 am, by
Market Summary All eyes are on the Japanese Yen as it continues its downward slide against its peers, notably experiencing a 3% decline against the dollar in June. As the USD/JPY pair approaches the critical 160 mark, Japan’s top currency official has heightened concerns by stating that Japanese authorities are prepared to intervene in theContinue Reading
Japan Warns For Market Intervention To Protect Yen
Written on June 26, 2024 at 6:23 am, by
Market Summary All eyes are on the Japanese Yen as it continues its downward slide against its peers, notably experiencing a 3% decline against the dollar in June. As the USD/JPY pair approaches the critical 160 mark, Japan’s top currency official has heightened concerns by stating that Japanese authorities are prepared to intervene in theContinue Reading
Japanese Yen Hammers By Soft CPI
Written on June 26, 2024 at 6:22 am, by
Market Summary The spotlight was on the Pound Sterling following the Bank of England’s (BoE) interest rate decision announced yesterday. Despite the UK’s Consumer Price Index (CPI) reaching the targeted rate of 2%, the BoE voted 7-2 to maintain its interest rate unchanged, providing buoyancy for the Pound Sterling. However, the BoE Governor emphasised aContinue Reading
