Trading news

Britain's exit could boost the yen

Britain's referendum and a probable upcoming Brexit might bring Japan to monitor even closer how its economy and the financial markets could respond to such a scenario, a governmental spokesman said today.

Hiroshige Seko, Deputy Chief Cabinet Secretary, commented on a probable cooperation scheme with Britain and the European Union to stabilize the financial markets.

Japan may be selling its currency in case of a Brexit

Furthermore, Seko did not comment on whether Japan will be selling the yen in the condition where a Brexit could trigger a high level of volatility in the markets.

Seko highlighted further that, he recognizes that the Japanese bond yields and the Nikkei stock index reached extremely low levels, but in the meantime avoiding to comment more on such levels.

The traders and the investors, especially during uncertainty, tend to buy the Japanese yen. So far this year, the yen appreciated 13% versus the U.S. dollar.

Read More

Wednesday, 15 Jun, 2016 / 8:20

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/britain-s-exit-could-boost-the-yen

Trading news

 

Weak Economic Data supported higher prints – GOLD Market Outlook – 26/11/2020

Gold hit our long entry resistance target at 1815, bouncing off the 1800 [...]

Posted on Thursday, 26 Nov, 2020 / 10:03 under

Euro bulls targeting 1.20 – EUR/USD Market Outlook – 26/11/2020

The Euro extends gains above 1.19 after weaker than expected US macro data [...]

Posted on Thursday, 26 Nov, 2020 / 9:37 under

Help is On the Way

The Fed considers helping the US economy “fairly soon”, the ECB [...]

Posted on Thursday, 26 Nov, 2020 / 8:54 under