The Japanese yen is currently facing a significant decline against the US dollar, with the USD/JPY pair hovering around the 151.88 mark. While the US dollar itself is experiencing some instability due to fluctuations in Treasury bond yields, the yen is under pressure for other reasons. One of the main factors contributing to the yen’s
President Joe Biden is working to breathe new life into a plan to construct the first-ever high-speed rail system in the United States, using technology inspired by Japanese bullet trains. Sources have indicated that he is expected to discuss this ambitious project with Japan’s Prime Minister during his visit to Washington this week. The proposed
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The Bank of Japan Governor Kazuao Ueda’s comments on the inflation and policy outlook highlight several key factors that will influence the future direction of monetary policy. The expectation of trend inflation gradually accelerating raises the possibility of a reduction in monetary stimulus if inflation approaches the 2% target. However, uncertainties surrounding factors such as
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President Joe Biden recently announced plans to ease student debt for millions of Americans, a move aimed at addressing a key issue for young voters. The plans include canceling up to $20,000 of interest for borrowers, which is estimated to benefit at least 23 million Americans. Progressive voters have long urged the White House to
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The upcoming halving of Bitcoin rewards is a highly anticipated event in the cryptocurrency market, with expectations of driving up the price of BTC/USD. However, it is crucial to note that the actual impact of halving on Bitcoin price is complex and influenced by various factors. While theoretical assumptions suggest a reduction in coin supply
The Japanese Yen (JPY) has been facing downwards pressure for the second consecutive day due to a combination of factors. The cautious stance of the Bank of Japan (BoJ) towards policy tightening, softer domestic data, and a positive risk tone in the market have contributed to the weakening of the safe-haven JPY. The BoJ’s reluctance
Jamie Dimon, the CEO and chairman of JPMorgan Chase, recently highlighted his belief in the profound impact that artificial intelligence (AI) will have on society. In his annual letter to shareholders, Dimon placed a significant focus on AI, ahead of other important topics such as geopolitical risks, recent acquisitions, and regulatory matters. He expressed uncertainty
The CEO of Ripple, Brad Garlinghouse, recently made a bold prediction regarding the future of the cryptocurrency market. He anticipates that the combined market capitalization of the crypto market will surpass $5 trillion this year. Garlinghouse cited several macro factors, including the approval of the first U.S. spot bitcoin exchange-traded funds (ETFs) and the upcoming
The recent US economic data has triggered a hawkish repricing in rates, with Fed funds futures now nearly fully priced in for a July cut of 24bps. While June remains a possibility, it is on the table with uncertainty. The total of -67bps of easing priced in for the year reflects the market’s reaction to