Yen Move Higher as US Yields Decline

Yen Move strengthened in Asian trade, marking a notable rise against major rivals. This movement is driven by a combination of factors, including declining US yields and speculation surrounding the Bank of Japan’s (BOJ) potential policy changes. As markets await the BOJ’s upcoming meeting and the Federal Reserve’s policy announcement, the yen’s trajectory continues to…

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Wall Street Rebounds After experienced a notable rebound on Friday, as major US stock indices surged in response to the latest US inflation data. The positive performance in the stock market comes amid ongoing assessments of corporate earnings and economic indicators. Here’s a closer look at the recent developments and their impact on the market.…

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Bitcoin Moves Higher making notable strides, climbing higher on Friday towards six-week highs. This rally comes in anticipation of a significant speech by Donald Trump, the Republican candidate for the US presidency, at the upcoming Bitcoin conference. Speculation is rife that Trump will advocate for a larger role for cryptocurrencies within the US financial system,…

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Gold Rebounds as prices experienced in European trading on Friday, rising for the first time in three days as the yen’s surge began to wane. Despite this recovery, gold is still on track for its second consecutive weekly loss. Investors are now closely watching upcoming US personal spending data to gauge future market movements. Gold’s…

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Wall Street Rises After US stock indices experienced a notable rise on Thursday, buoyed by encouraging economic data and the ongoing assessment of corporate earnings by investors. The preliminary reading of the US GDP data showed a significant growth rate in the second quarter, surpassing expectations and signaling a robust economic performance. US GDP Growth…

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Bitcoin Skids, the world’s most valuable cryptocurrency, has recently experienced a downturn, reaching one-week lows. This decline comes amidst a broader market sell-off, influenced by the violent unwinding of yen carry trades and investor caution. Adding to the market’s anticipation is a forthcoming speech by Donald Trump at the Bitcoin Conference in Nashville, which could…

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