Yen Consolidates as Suzuki Signals No FX Intervention Limit
Yen Consolidates as Suzuki Signals No FX Intervention Limit On Friday, the Japanese Yen (JPY) consolidated following the release of Japanese Foreign Reserves for May by the Ministry of Finance, which showed a significant drop to $1,231 billion from $1,279 billion. This marks the lowest level since February 2023, as the government engaged in foreign […]
Japan’s Top Currency Diplomat Warns Against Weakening Yen
Japan’s Top Currency Diplomat Warns Against Weakening Yen Masato Kanda, Japan’s leading currency diplomat, has raised concerns over the weakening yen, asserting that Japan will contemplate all possible measures to address excessive currency fluctuations. Kanda stressed the importance of stable currency movements that mirror economic fundamentals, as the yen recently depreciated beyond ¥143 against the […]
EURUSD Under Pressure due to French Presidential Election
EURUSD Under Pressure due to French Presidential Election The French election is starting to get some attention as the latest polling has indicated nice momentum for Marine Le Pen who has truly closed the distance to Macron. An awesome end result for Le Pen is set to weigh on euro sentiment, economists at MUFG financial […]