The Japanese government upgraded its view on consumption in its October monthly report. It was on stronger demand for electronics and higher travel spending. But it warned about broader economic conditions remaining severe due to the COVID-19 pandemic. The world’s 3rd largest economy showed signs of picking up from the fallout of COVID-19. This included …
Japan Raises View on Demand, but Economy still Severe Read More »
On October 20, Tuesday, the yuan held near a two-year high against the U.S. dollar in offshore trade on signs of China’s strong economic rebound. In contrast, the Australian dollar fell to a three-week low. Broader risk sentiment was curbed by caution ahead of a Tuesday deadline to reach an agreement on a U.S. coronavirus …
Forex News: The Yuan, Yen, Dollar, Euro, and Pound Read More »
Alongside the published report, the Bank of Japan, one of the association members, has published a document describing its particular approach to CBDCs from a Japan-centric viewpoint. The BoJ report will start the first of several testing stages for its own CBDC someday in 2021. This will involve developing a test condition for the currency …
Digital Currency Proof-Of-Concept Is Beginning In Japan In 2021 Read More »
Typically, the yen surged among risk aversion because of its status as a haven. But on Wednesday, the currency was attempting to rise. Some analysts reported that the assembly of the stock exchange. Domestic economic signals weren’t helpful to the currency of Japan either. European stocks increased, with all critical indices logging gains. That eased …
Japanese Yen Between Predictions Of Economic Slowdown Read More »
Typically, the Japanese yen surged among risk aversion due to its status as a haven. But yesterday, the currency was trying to rise. Some analysts revealed that by the rally of the stock market. Domestic economic signs were not beneficial to the currency of Japan either. European stocks recovered, with all significant indices logging gains. …
Japan just announced its worst drop in GDP on record as the ongoing Covid-19 epidemic nick expenditure. The world’s third-biggest economy decreased by 7.8% in the second quarter compared with the previous quarter, the country’s Cabinet Office reported on Monday. That adapted to an annual rate of decline of 27.8%, the lowest since modern documents …
The Japanese yen rallied over the last days. The currency is climbing to its largest three-day gain since the 2008 financial crisis. It has already added 9.4% in a dozen trading days. Despite that, Japanese policymakers are worried. They observe the trade closely while coronavirus cases are growing rapidly. The pandemic caused more economic disruptions …
Japanese Yen hit high. What about the U.S. Dollar? Read More »
The euro and other major currencies rallied against the dollar after U.S. authorities confirmed the first case of the coronavirus with a citizen who hadn’t the exposure to the infection. Furthermore, there were more cases reported, undermining the perceived strength of the U.S. economy. As a result, the greenback sharply declined. Federal Reserve Chair Jerome …
What caused U.S. Dollar’s decline against Yen and Euro? Read More »
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