The Japanese Yen strengthens as traders speculate on potential government intervention to support the currency against the USD. The USD/JPY pair declined for a second consecutive day, trading near 159.90 in Asian hours on Friday. The drop follows heightened market speculat
EUR/USD pair holds steady around 1.1620 The EUR/USD pair is holding steady around 1.1620 during the early Asian session on Friday. Traders are waiting on the sidelines ahead of the key US economic data. The US jobs data for May will be the highlight later in the
China’s central bank set the daily yuan fixing stronger than expected, signaling potential intervention amid currency volatility. The People’s Bank of China set the USD/CNY reference rate at 6.8157, compared with a Reuters estimate of 6.7735. The move allows the yuan to tr
South Korea’s benchmark index drops sharply amid broad sell-off, while the won weakens to levels last seen in 2007. South Korea’s KOSPI index fell 6% as the won slumped to a 17-year low against the USD, driven by a sell-off in tech heavyweights including Samsung Electronic
Tokyo signals readiness to act against excessive yen volatility after May reserves fell by a historic amount, hinting at possible intervention. Japan’s finance minister reiterated the country’s right to intervene in currency markets as the yen neared 160 per dollar, a leve
China’s central bank will announce its daily yuan reference rate, influencing onshore trading within a 2% band around the midpoint. The People’s Bank of China is expected to set the USD/CNY reference rate at approximately 6.7735, a key benchmark for the yuan’s daily tradin
Finance Minister Satsuki Katayama signals readiness to act on currency markets, but the yen shows no immediate reaction. Japanese Finance Minister Satsuki Katayama stated the government is prepared to respond appropriately to foreign exchange movements as needed. The remar
Australia's economy expands 0.3% in the first quarter The Reserve Bank of Australia is considering another rate hike. The economy expanded 0.3% in the first quarter, a step down from the prior period. This slowdown may impact the RBA's decision on future rate hik
Australia’s central bank maintains tightening bias despite Q1 GDP missing forecasts, fueling market skepticism over rate hike prospects. The Reserve Bank of Australia’s hawkish rhetoric is colliding with slowing economic momentum after first-quarter GDP rose just 0.3% quar
A deadlocked US rate outlook and Japanese intervention spending keep the yen rangebound despite a 275-basis-point policy gap. USD/JPY remains pinned near 160.00 as opposing forces—a hawkish Federal Reserve and Japan’s Ministry of Finance—cancel each other out. The 275-basi
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