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Category: FINANCE

Posted on 30/04/2024

Japan’s Debt Dilemma May Doom Any FX Intervention, Brooks Says

To Robin Brooks, the former chief currency strategist at Goldman Sachs Group Inc., Japan’s massive government debt — for now at least — is likely to doom any efforts to prop up the yen.

Posted on 30/04/2024

Crypto Investment Products Saw Outflows for a Third Consecutive Week

Interest in digital assets continues to wane, with crypto investment products seeing outflows for a third consecutive week.

Posted on 30/04/2024

Bank of Japan Intervention: What to Know as Yen Crisis Starts to Force Panic

A weakening yen has finally triggered Bank of Japan intervention. Here is what could happen next -- be warned. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of ...

Posted on 30/04/2024

Japan’s currency falls to its weakest since 1990 against the dollar as the yen keeps yelping

The value of Japan's currency has tumbled so much that for a moment on Monday it took 160 yen to equal $1. A few years ago, it took closer to 100 yen to make a U.S. dollar. The yen has been so weak ...

Posted on 30/04/2024

Ono Pharmaceutical acquires cancer-focused biopharma Deciphera for $2.4bn

Ono will gain access to Deciphera’s kinase inhibitor pipeline, which includes the CSF-1 inhibitor vimseltinib and ULK inhibitor DCC-3116.

Posted on 30/04/2024

Japan will struggle to rescue its plummeting currency

In early trading, as Asian markets opened on April 29th, the currency plummeted to a 34-year low of 160 to the dollar, adding to its hefty fall against the greenback over the past three years (see ...

Posted on 30/04/2024

Home Crash Course Coins Companies Regulators NFTs & Culture

Eminem is narrating a new Crypto.com commercial. Are celebrity ambassadors prepared to put 2022 behind them?

Posted on 30/04/2024

Mining CEO shares theories on the identities behind major anonymous crypto transactions

Major investors and even nations can drive significant shifts in the cryptocurrency market with massive single transactions.

Posted on 30/04/2024

Crypto company Tether invests $200 mln in brain-chip maker Blackrock Neurotech

Crypto company Tether has invested $200 million in Blackrock Neurotech, taking a majority stake in the U.S. brain implant company, Tether said in a statement on Monday.

Posted on 30/04/2024

US Lawmakers press Biden administration on use of crypto to evade sanctions

Two lawmakers are pressing the Biden administration on the use of cryptocurrency to evade sanctions in Russia, Iran and North Korea, asking officials what additional authorities might be needed to ...

Posted on 30/04/2024

$3.8 billion trend a ‘risky casino,’ Andreessen Horowitz crypto CTO warns

An executive with a16z crypto warned that several notable projects are a "net negative" to the market and further adoption.

Posted on 30/04/2024

Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Dip? 4 Charts To Watch

The Bank of Japan intervened to boost the weakening yen, causing it to recover 3% before falling to 156.80. This negatively impacted Japanese equities.

Posted on 30/04/2024

Higher rates could knock Japan into recession, says former IMF economist Blanchard

Japan would face "a fairly strong" recession if it were to raise interest rates, Olivier Blanchard, former chief economist at the International Monetary Fund, said on Monday.

Posted on 30/04/2024

Bank of Japan allegedly intervened in the FX market following Yen’s sharp gain against the U.S. Dollar

The Bank of Japan’s Japanese yen has demonstrated strange behavior in the FX market today, raising eyebrows among FX traders. The Japanese yen swung ...

Posted on 29/04/2024

Bitcoin Trades At Slight Premium in Yen Terms Amid Suspected BOJ Intervention

The Japanese yen swung wildly on Monday, recovering 500 pips from over three-decade lows on suspected BOJ intervention.

Posted on 29/04/2024

Did Japan’s central bank intervene in the currency markets after the yen hit a 34 year low? ‘No comment for now’

From Melbourne to Tokyo, market participants were scrambling to trade and make sense of swings in Japan’s embattled currency.

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