Future of Digital Currency: Evaluating Bank of Japan’s 2023 CBDC Pilot Program
Japan’s XRP Popularity Skyrockets The Proposed Cryptocurrency Licensing Regulation in Hong Kong Uchida Shinichi, Japan’s central bank executive director, announced in a Liason and Coordination...
View ArticleUSD/JPY Faces Turbulent Week with Yen Hitting 2023 Lows: Technical Analysis &...
USD/JPY Faces Turbulent Week with Yen Hitting 2023 Lows The USD/JPY pair has had a turbulent week, with the yen dropping to its lowest value of 2023 at 135.11. This drop comes after a week of market...
View ArticleUSD/JPY Exchange Rate Stable: Technical Analysis
USD/JPY Remains Stable as Traders Await Key Economic Reports On Tuesday, the USD/JPY exchange rate showed little movement as traders hesitated to take new positions ahead of several critical economic...
View ArticleGBP/USD Finds Neutral Ground Amidst Downward Trend as US Dollar Strengthens
GBP/USD Finds Neutral Ground Amidst Downward Trend At the beginning of the trading day, the pair experienced a slight increase in price which brought it up to the 1.2075 price region. However, this...
View ArticleGold Struggles to Rebound Amid USD Demand & Rising Interest Rate Expectations
Gold Struggles to Capitalize on Monday’s Rebound Gold, one of the most sought-after precious metals, has struggled to gain in recent trading sessions. On Monday, the price of gold might recover,...
View ArticleUSD/JPY Fluctuates Following US Economic Data – Bond Yields & Economic...
On Thursday, the USD/JPY pair increased to 137.08 following an economic data release in the US. This increase marked the lowest level for the pair since December 20th, 2022. However, despite the...
View ArticleEUR/USD Rises Above 1.06000 on Risk Appetite Boost: Technical & Fundamental...
The EUR/USD pair rose above the 1.06000 level, fueled by a boost in risk appetite weighing heavily on the US dollar. The greenback was also impacted by a surge in US equities, which closed with weekly...
View ArticleGlobal Risk Appetite Improves as Major Indices Rise: Weekly Forex Forecast
The global risk appetite improved in the first week of March. The Dow Jones saw an uptick of 1.79% in the US, while the S&P followed suit with a 1.86% increase. In Europe, the Dax 40 increased by...
View ArticleUSD/CHF and GBP/USD Technical Analysis: Weekly Recap and Future Outlook
As we look forward to the new week, reflecting on the currency movement in the past week is important as economic data continues to trickle in from nations worldwide. USD/CHF Technical Analysis The...
View ArticleJapan Forms Expert Panel to Investigate the Introduction of Digital Yen
According to recent reports, the Ministry of Finance in Japan is actively considering the implementation of a central bank digital currency or CBDC. To explore this possibility, the Ministry is setting...
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