$TRUMP
$XAU
#BitcoinReboundsTo$79K #BitcoinSpotETFsNetInflow$160M #SouthKoreaCryptoTaxDelayPetitionTops50000 #RussianCentralBankFlagsCryptoAsFinancialRisk #GrayscalePutsXRPAt26.11%InAdvisorPortfolio Japanese yen continues to post losses amid
US pressures
The Japanese yen fell in Asia’s market on Tuesday against a basket of major and minor currencies, extending its losses for the second consecutive day versus the U.S. dollar and nearing a break of its lowest level in a week. This comes as U.S. pressures tied to the rise of the world’s largest currency and higher long-term Treasury yields weigh on it, ahead of the start of the Federal Reserve Board meeting.
Markets are currently pricing in a 92% probability that the Federal Reserve will raise U.S. interest rates by about 25 basis points, to counter escalating inflationary pressures in the United States.
Meanwhile, the Bank of Japan is widely expected to raise Japanese interest rates by about 25 basis points on Thursday and Friday—its second move this year—while markets look for further signals on how long the bank will continue its path of monetary policy normalization over the coming period.
$XAU
#BitcoinReboundsTo$79K #BitcoinSpotETFsNetInflow$160M #SouthKoreaCryptoTaxDelayPetitionTops50000 #RussianCentralBankFlagsCryptoAsFinancialRisk #GrayscalePutsXRPAt26.11%InAdvisorPortfolio Japanese yen continues to post losses amid
US pressures
The Japanese yen fell in Asia’s market on Tuesday against a basket of major and minor currencies, extending its losses for the second consecutive day versus the U.S. dollar and nearing a break of its lowest level in a week. This comes as U.S. pressures tied to the rise of the world’s largest currency and higher long-term Treasury yields weigh on it, ahead of the start of the Federal Reserve Board meeting.
Markets are currently pricing in a 92% probability that the Federal Reserve will raise U.S. interest rates by about 25 basis points, to counter escalating inflationary pressures in the United States.
Meanwhile, the Bank of Japan is widely expected to raise Japanese interest rates by about 25 basis points on Thursday and Friday—its second move this year—while markets look for further signals on how long the bank will continue its path of monetary policy normalization over the coming period.
