Daily News | Japan manipulating its currency?

We are returning with great, new and exciting events on the global binary options market this Tuesday, after an extended weekend in the majority of the western world. That is why we first turn to the Japanese yen. From Friday to Monday, the currency fell from $0.00920 to $0.00922. This slight rise happened as Chief Cabinet Secretary Yoshihide Suga vehemently denied allegations that Japan is manipulating its currency and highlighted that the country is committed to the G20 agreement. These allegations came from the US Treasury’s semiannual currency report, which put the yen on its monitoring list last week. No major US trading partners were accused of currency manipulating. We will continue to look at Japan and its finances, but let us now turn to the US dollar. In the same timeframe, the USD fell from €0.9413 to €0.9393. This dip occurred not just to the dollar, but share prices as well, as many economists remained concerned over North Korea’s belligerence and the upcoming French elections. S&P 500 mini features declined 0.15% to 2.324, near six-week lows, following the defeat of President Trump’s healthcare reform. They did not, however, accuse China of being a currency manipulator, which helped keep the markets in check. We will monitor this in the days to come, so stick with us!

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Author: Max Rothstein

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