Economic News Category

Japanese Yen Defensive, Holds 157.00 Against USD Before US Data The Japanese Yen (JPY) continues to struggle against the US Dollar (USD) in Tuesday’s Asian trading session, moving further away from its one-week peak of the mid-154.00s reached on Monday. Despite potential intervention from Japanese authorities and speculation about policy adjustments, the Bank of Japan’s

Japan, EU Strengthen Economic Security, Lessen Reliance on China Japan and the European Union are set to enhance their cooperation on economic security, focusing on improving the resilience of supply chains for critical materials like semiconductors. This decision emerges as both parties seek to decrease their reliance on specific countries, notably China. The leaders plan

Tokyo Inflation Slows Again, Falls Below BOJ Target In Tokyo, core inflation decelerated for the second consecutive month in April, dropping below the Bank of Japan’s (BOJ) 2% target. This trend emerged just before the BOJ concluded its two-day policy meeting, where it was anticipated that interest rates would remain unchanged and new inflation forecasts

Yen Nears Intervention Threshold as BOJ Meeting Begins Yen traders are on edge as they recall September 2022, when Japan intervened to support its faltering currency following a central bank decision that maintained an easy monetary policy. The situation today sees the yen considerably weaker than last year, compounded by the fact that US interest

Yuan’s Global Expansion Efforts Face Domestic Setback As Chinese leader Xi Jinping pushes to enhance the yuan’s role in global trade and finance, he faces resistance from an unexpected quarter: mainland companies. Recent data from the People’s Bank of China (PBOC) indicates that corporate leaders are hesitant to convert their foreign-exchange earnings into the local