The Japanese Yen (JPY) continued to fall on Tuesday, 2nd July, reaching a new 38-year low against the US Dollar (USD) at around 161.66. With the Yen at a multi-decade low, speculation is mounting about a potential intervention by Japanese officials to stabilise the currency. What should traders expect?
In times of economic turmoil, certain types of assets have historically known to hold their value better than others. Let’s take a look at this asset class in greater detail.
The Turkish lira fell to a new all-time low, as investors sold off the currency after President Erodgan threatened expulsion against the ambassadors of 10 countries, including the U.S. and Germany, for demanding he releases political prisoners.
Oil prices have been oscillating on the coronavirus, the FDA Pfizer vaccine approval, the dollar and an accident on a Mexican oil rig. How will Jackson Hole’s Fed policy meeting impact it, if at all?
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