On Thursday, Japan’s Nikkei index rebounded, marking its first ascent in four sessions. Chip stocks, initially down, reversed their losses, and banking shares saw gains. Closing at 38,079.70 points, the Nikkei climbed by 0.31 percent after dipping by 0.83 percent earlier in the session. Despite this rise, the index still …
Read More »Japan’s Suzuki supports any steps to respond to excessive currency moves
On Thursday, Japanese Finance Minister Shunichi Suzuki made a verbal intervention. Suzuki stated that he will not rule out taking any measures in response to unwarranted movements in foreign exchange. He went on to say that he and Vice Finance Minister Kanda are always talking about foreign exchange. As of …
Read More »GBP/JPY reacts to looming options expiration
The GBP/JPY is trading into the high side, following a spike in Yen rates due to Yen options expiries. However, the moves were short-lived, and the pair is now trading back into recent highs. Japanese Finance Minister Shunichi Suzuki warned that the Japanese government is closely monitoring currency markets, which …
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