Japan spent a likely record daily amount to prop up the yen last week, leaving economists and investors wondering whether the government could intervene again despite skepticism over the impact of ...
Japan spent $19.7bn on intervention to support the yen
The figure was less than the 3.6 trillion yen estimated by Tokyo money market brokers for Japan's first dollar-selling, yen-buying intervention in 24 years to stem the currency's sharp weakening. The ...
Japan spent record $19 billion in intervention to stop yen plunge
Japan's currency intervention last week cost 2.84 trillion yen ($19 billion), the largest-ever amount spent to stem the yen's sharp s ...
Japan’s data surprises on the upside
Stronger-than-expected industrial production and solid labour market data suggest Japan's economy continued to recover in the current quarter. A ...
UPDATE 1-Bank of Japan boosts bond purchases in Oct-Dec quarter to curb yields
The Bank of Japan (BOJ) on Friday boosted its planned purchase of longer-ended government bonds in the next quarter, extending efforts to curb elevated yields against a global tide of rising yields.
Japan’s Nikkei on course for worst month since March 2020
Japanese stocks were set on Friday for their worst month since the COVID-19 pandemic first rocked markets two and a half years ago, after falling 1.67% in the morning session. The broader Topix fell 1 ...
Only about 30% of millennials are comfortable investing in crypto, down from about 50% in 2021: ‘The shine has come off these coins’
Millennials are significantly less comfortable with cryptocurrency investing than they were a year ago, according to a new Bankrate survey.
How crypto helps the dollar
The dollar’s surge in global currency markets — it’s up between 20 and 30 percent against the euro, yen and pound over the past year — is forcing crypto enthusiasts to reevaluate the idea that ...
Higher rates are killing crypto enthusiasm and next stop for bitcoin is $13,000, says Wolfe Research
With bond yields surging to their highest levels in years, tech stocks are in deeper pain and crypto is riding down with them.
Crypto Price Check: Bank of England Action Could Affect Bitcoin: Analyst
Bank of England's move to carry out emergency purchases of U.K. government bonds 'could have interesting outcomes for bitcoin,' an analyst says.
Are You a Victim of Crypto Crime? Good Luck Getting Help
When Chris Golas called the cops to report that he had been the victim of crypto crime, he was met with total incomprehension. “People didn’t even know what I was talking about,” he recalls. Golas, a ...
Binance founder Changpeng “CZ” Zhao shares his vision of web3 opportunities at TC Sessions: Crypto
When it comes to the decentralized world of crypto, few single entities loom larger or carry more weight in the industry than exchange behemoth Binance.
California launches crackdown on crypto scams as scrutiny intensifies
California's efforts come at a time when there's a larger national effort to scrutinize and regulate the cryptocurrency market.
The long, winding road to Volkswagen’s Porsche IPO
Oliver Blume, CEO of German car manufacturer Porsche, applauded as the first share prize is published during Porsche's IPO in Frankfurt, German. REUTERS/Kai Pfaffenbach ...
Japan ready to take FX action again if speculation persist -Finance Minister
Japan's recent currency intervention was conducted to rectify market distortion caused by speculative currency moves, Finance Minister Shunichi Suzuki said on Thursday, signalling his readiness to ...
Prime Medicine IPO: A Gene Editing Biotech Startup
A Prime Medicine IPO is preparing to hit the market. In fact, this innovative biotechnology startup is planning to raise up to $200 million with its Nasdaq debut. Biotech stocks have become a popular ...