Greetings to all! The USD/JPY pair is experiencing an upward movement after pulling back from its highest level in several months, which was recorded at 147.87, early on Friday during the Asian trading session. Currently, the pair is trading near 147.36, reflecting a slight increase of 0.04% for the day.
Kanda has expressed concerns about the recent decline in the value of the Japanese Yen (JPY) and has stated that authorities will not rule out any options if speculative activities persist in the currency market. This particular statement has had a negative impact on the USD/JPY pair's performance.
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good luck everyone
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In fact, the world's third-largest economy grew at an annual rate of 4.8% between April and June, down from a preliminary estimate of 6.0%. D
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Don't hesitate to share your views in the comments section! I really want to listen to you
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the Japanese Labor Cash Earnings for July rose 1.3% YoY versus 2.3% prior.
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According to a private survey released on Tuesday, business activity in China's services sector expanded at its slowest rate in eight months. This development has raised concerns about the deteriorating economic conditions in the world's second-largest economy, which may impact Japanese exports to the country.
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following the Reserve Bank of Australia's (RBA) decision to maintain the Official Cash Rate (OCR) at 4.10% last week, the central bank has explained that this choice allows them more time to assess the impact of the recent rate hike and to evaluate the economic outlook.