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August 13th - According to foreign media reports, Japanese Prime Minister Sanae Takaichi supports a near-term interest rate hike by the Bank of Japan, with the next move likely in September or October. The Bank of Japans concerns about the weak yen pushing up prices, coupled with the governments desire to enhance the effectiveness of recent joint US-Japan foreign exchange market intervention, have led to a convergence in their stance on the necessity of a near-term rate hike. The Prime Ministers Office believes that specific monetary policy measures, including interest rate hikes, should be decided by the Bank of Japan, but both sides should cooperate closely to achieve the 2% inflation target with "stability."Market news: The Bank of Japan may raise interest rates in September or October.Market news: Japanese Prime Minister Sanae Takaichi reportedly supports the Bank of Japan raising interest rates more quickly.On August 13, the Bank of Korea (BOK) purchased gold-related assets for the first time in 13 years to hedge against geopolitical and economic uncertainties. According to a filing with the U.S. Securities and Exchange Commission, the BOK held 679,765 shares of SPDR Gold Shares, worth approximately $250 million, at the end of the second quarter. The filing shows that three months prior, the bank did not hold any shares in the worlds largest physical gold-backed ETF. The BOK stated that this investment marks its first purchase of gold-linked assets since 2013. This purchase will not increase the banks official gold reserves, as gold ETFs are classified as securities and are part of its foreign exchange reserves. Choi Kyuho, an economist at Hanwha Investment & Securities, said, "The BOKs current gold allocation is quite low. From a global standards perspective, the BOK still has room to purchase more gold. I believe they will gradually increase their gold holdings."According to Interfax news agency, local officials said a drone struck an industrial area in Bashkorto, Russia.

DOGE and SHIB Come Under Pressure on News of SEC Win Over LBRY

Cory Russell

Nov 08, 2022 16:28

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Dogecoin (DOGE) decreased by 3.07% on Monday. DOGE dropped 7.79% on Sunday, closing the day at $0.1112. Notably, DOGE extended the losing skid to three sessions despite avoiding sub-$0.10 for the tenth straight session.


The day got off to a strong start with DOGE rising to an early morning high of $0.1190. DOGE fell to a late low of $0.1070 after failing to surpass the First Major Resistance Level (R1) at $0.1243. Before closing the day at $0.1112, DOGE briefly breached the First Major Support Level (S1) at $0.1085.


On Monday, Shiba Inu Coin (SHIB) fell by 0.34%. Sunday saw a loss of 4.98% for SHIB, who closed the day at $0.00001180.


After a down morning, SHIB recovered to reach a late high of $0.00001211. SHIB declined to a late low of $0.00001150 after falling short of the First Major Resistance Level (R1) at $0.00001258. SHIB completed the session at $0.00001180, however, avoiding the First Major Support Level (S1) at $0.00001143.


DOGE and SHIB suffered from the general crypto market's sour mood. This week's US reports put investors' desire for buying to the test. The US CPI report for October, retail sales, and consumer confidence will all be important indications of the US economy.


Despite a strong NASDAQ Composite Index session on Monday, there were losses. NASDAQ received assistance from the market's perception of the US midterm elections.


Investors in DOGE and SHIB, meanwhile, continued to focus on news from Twitter (TWTR) and Elon Musk.


The market's negative reaction to Twitter's decision to postpone the development of a cryptocurrency wallet continues to dampen interest in purchasing DOGE.


Advertiser reports of leaving DOGE remained unfavorable. The likelihood of abrupt revenue stream declines due to a decline in advertising revenue increases, which could temper the positive assumption of DOGE adoption.


The price reversed from last week's high of $0.1587 as a result of the change in mood, which was represented in the most recent DOGE holding statistics.

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