News
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GBP/JPY surrenders major part of intraday gains to one-week top, back below mid-197.00s
The GBP/JPY cross attracts some intraday sellers following an early move up to the 198.25 area, or a one-week top and retreats to the lower end of its daily range during the first half of the European session.
Fxstreet
Jan 7, 2025
BUZZ-COMMENT-China can let the yuan weaken; here's why they won't
Jan 7 (Reuters) - China continues to resist allowing the yuan to weaken as much as the market thinks it should. To policymakers, the cons outweigh the pros, at least for now.By one key measure, the yuan may actually be too strong. The trade-weighted renminbi index gained 4.2% in 2024 even as the CNY...Reuters
Jan 7, 2025
UPDATE 1-Japan's finance minister warns against speculative yen selling
Adds more Kato comments, contextBy Makiko Yamazaki TOKYO, Jan 7 (Reuters) - Japan Finance Minister Katsunobu Kato issued a fresh warning against speculative yen selling on Tuesday, as the Japanese currency approached the key 160 per dollar level that prompted yen-buying interventions half a year ...Reuters
Jan 7, 2025
BUZZ-Japan FinMin Kato speaks out against weaker JPY today
Japan FinMin Kato seeing some one-sided, rapid FX moves, "alarmed"Wants currencies to move in stable manner reflecting fundamentalsNo comment on levels but ready to take appropriate action on excessive movesJapanese verbal intervention will likely continue as USD/JPY pushes higherFX market reacting ...Reuters
Jan 7, 2025
