Stablecoin Tether Takes Strong Measures to Fight Illicit Finance

Key Takeaways: 💼 Tether is monitoring the use of its tokens in crypto markets and payments to combat illicit finance 🔍 Tether and Chainalysis have launched tools to identify transactions linked to sanctioned entities 🛡️ Use of Tether has been linked to circumventing Western sanctions for sourcing military equipment 💰 Tether has reached $100 billion … Read more

Yen Soars Against US Dollar in Wake of Suspected Intervention

Key Takeaways: 💹 Yen strengthened following suspected intervention by Japanese authorities 📉 Dollar declined ahead of crucial jobs data 🕰️ Timing of intervention strategic during low market activity 💸 Japan possibly spent billions to support yen 📊 U.S. jobs report expected to impact dollar/yen relationship 💲 Dollar weakened against Swiss franc due to Swiss inflation … Read more

Yen’s Surge: Key Levels and Japan’s Tactics Revealed

Key Takeaways: 💹 Yen surged against the dollar in early Asian hours suspected to be intervention 📉 Dollar tumbled to 153 yen, attributed to Japan’s Ministry of Finance selling dollars 🕰 Intervention occurred in a quiet period after the U.S. stock market closed 💱 Currency strategists see 160 yen per dollar as Japan’s "final defence … Read more

Powell’s Speech Impact: Dollar Stabilizes as Focus Shifts to Labor Market Data and Inflation Concerns

Key Takeaways 💲 The U.S. dollar stabilized after Powell’s speech ruling out rate hikes 📉 Eurozone’s manufacturing sector remains weak, impacting EUR/USD 🇬🇧 GBP/USD traded lower awaiting services PMI data release 🇯🇵 USD/JPY made recovery after intervention talk due to yen weakness 🌏 Broader Asian currencies remained flat, AUD/USD up despite trade balance shrinkage 📊 … Read more

Investors Increase Bearish Bets on Asian FX to Multi-Month Highs amid Month-Long Boycott of Loblaw-Owned Grocery Brands

Key Takeaways 💰 Short bets on most Asian currencies are at multi-month highs 📉 Growing expectations of U.S. interest rates staying higher for longer are affecting riskier assets 📈 Possible extended hold at 5.25%-5.50% range by Fed 🇨🇳 Weakness in the Chinese yuan could impact sentiment towards Asian currencies 🇮🇳 Investors turned bearish on the … Read more

Yen Weakens and Stocks Mixed: Suspected Intervention at Play

Key Takeaways: 🔹 Yen dropped against the dollar following suspected intervention by Japanese authorities 🔹 Dollar on the back foot after Fed Chair confirmed easing bias 🔹 Sharp move occurred after Wall Street closed and Fed meeting ended 🔹 Yen down 0.5% against dollar after surge and subsequent drop 🔹 Japan’s MOF likely intervened to … Read more