Japan Yen Drop Due To Middle East War
The U.S. dollar reached 160 yen for the first time since July 2024, when Japanese officials last intervened to stabilize the currency. The dollar rose 0.22% against the yen to 160.15 per dollar, which traders believe could lead to state intervention.The dollar index rose 0.17% to 100.4, marking its highest monthly gain in nearly a…
BOJ Ready To Raise Interest Rates if Inflation Under Control
The Bank of Japan is preparing for policy changes in April, indicating a potential interest rate hike under inflationary pressures from the weak yen and Middle East strife. Governor Kazuo Ueda indicated that the central bank was turning away from a cautious approach to raising borrowing costs due to economic uncertainties, despite maintaining unchanged rates…
Asian Countries Still Depend on Hormuz Trade
The International Energy Agency is releasing 400 million barrels of oil from strategic stockpiles to lower prices, as global oil futures reach over $100 per barrel. Japan is supplying 80 million barrels, second only to the United States, which will release 172 million barrels from its reserves. Asian countries significantly rely on trade through the…
War Continuous, Oil Rose Sharply
In a recent escalation, U.S. President Donald Trump threatened to “obliterate” Iran’s power plants if the Strait of Hormuz is not fully reopened within 48 hours. This comes despite his earlier statements about “winding down” the war, which has now entered its fourth week. Some believe Iran may cave, while Amrita Sen, founder of Energy…
China Ask To End War And Reheal The Economic
China demanded an end to the Middle East war, citing its impact on global energy, shipping, and trade. The fighting has lasted nearly three weeks and shows no signs of slowing down.China’s foreign ministry spokesperson, Lin Jian, stated that armed conflict is not a solution to problems and can only lead to hatred. This was…
Crude Oil May Touch Double Price if War Last
After climbing nearly 5% on Wednesday, crude oil temporarily topped $100 per barrel overnight due to increased attacks on ships in the Gulf, outweighing the International Energy Agency’s plan for a record release of reserves. One oil market index hit 2020 levels of volatility.Iran, recognizing that an oil shock is one of its biggest defensive…
Oil Touch Triple-digit, Global Economies Struggle
Financial markets regularly utilize ‘oil shock’ and ‘stagflation’ as scare tactics when predicting the worst. Energy markets are in upheaval as the Middle East crisis enters its second week with no conclusion in sight. On Monday, crude oil prices reached their highest level since the Ukraine invasion four years ago, surpassing $100 per barrel. If…
Banks Refuse Crypto Rewarding its holder
Banks’ refusal to support a White House compromise has stalled crypto legislation talks, casting doubt on its passage this year. President Donald Trump has accused lenders of undermining the bill. During his second term, Trump pursued crypto reform, despite his campaign trail reliance on crypto cash and family benefit from its token. He criticized the…