The Japanese Yen (JPY) edged higher against its American counterpart during the Asian session on Thursday and moves away from the weekly low touched the previous day.
Japanese Finance Minister Shunichi Kato said on Thursday that “Japan is still not in a state where we can permanently call an end to deflation.” Additional quotes Japan's economy in state of experiencing supply shortage, rather than lack of demand.
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1728 as compared to the previous day's fix of 7.1696.
EUR/USD bidders eased off the gas pedal on Wednesday, allowing Fiber to retreat around one-third of one percent and pushed bids back below the 1.0900 major price handle.
GBP/USD cycled near recent highs on Wednesday, building a base near the key 1.3000 handle as markets take a moment after US Consumer Price Index (CPI) inflation chilled even more than expected in February.
Bank of Japan officials see several reasons against intervening in the bond market even after benchmark yields hit the highest level since 2008, Bloomberg reported, citing people familiar with the matter.
The USD/CJF holds firm around the 0.8810 mark for the second consecutive day and clings to the 200-day Simple Moving Average (SMA) at 0.8813 after bouncing off yearly lows of 0.8757.
Silver price rallied to three-week highs as it cleared the $33.00 handle on Wednesday, posting gains of over 0.90%, unfazed by a jump in US Treasury bond yields and a strong US Dollar.
Abu Dhabi’s investment company MGX invested $2 Billion in crypto exchange Binance in one of the latest major institutional investment deals in the crypto space.
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