EUR/USD 1.18549
-0.130%
Gold 4989.11
1.369%
Oil 62.453
-0.469%
USD/JPY 153.086
0.231%
GBP/USD 1.36136
-0.060%
GBP/JPY 208.410
0.180%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
While awaiting a ruling on the tariff case, the U.S. Supreme Court announced that it would release its opinion on February 20.February 13 – The U.S. Federal Trade Commission (FTC) is accelerating its review of Microsoft (MSFT.O) as part of an ongoing investigation into whether it illegally monopolizes a large share of the corporate computing market through cloud software and artificial intelligence products, including Copilot. Sources familiar with the matter said the agency has issued civil suits to Microsoft’s competitors in the business software and cloud computing markets in recent weeks. These suits include a series of inquiries about Microsoft’s licensing and other business practices. At least six companies have received such suits. Through these subpoenas, the FTC is seeking evidence that Microsoft makes it more difficult for customers to use products such as Windows and Office on competitors’ cloud services. Some sources said the agency is also requesting information about Microsoft bundling artificial intelligence, security, and identity software into products such as Windows and Office.February 13 - According to the Philippine Institute of Volcanology and Seismology, a 5.8-magnitude earthquake struck the southern waters of the Philippines at approximately 10:57 p.m. local time on February 13, with a depth of 10 kilometers. The earthquake is not expected to cause damage, but aftershocks are anticipated.The U.S. Federal Trade Commission (FTC) has intensified its investigation into Microsoft (MSFT.O), seeking evidence from competitors on cloud and artificial intelligence issues.February 13 - According to court documents, the U.S. federal government has filed a new lawsuit against Harvard University, seeking access to documents related to its admissions process. The government accuses Harvard of failing to cooperate with a federal investigation and is demanding documents related to its admissions process. The government claims the requested documents are crucial to verifying whether Harvards admissions procedures comply with federal regulations.

A decrease in the EUR/JPY exchange rate is about to occur as recession fears grow. It is now over 138.00

Alina Haynes

Jul 07, 2022 14:43

截屏2022-07-07 上午10.09.58.png

 

The EUR/JPY currency pair is doing poorly during the Tokyo session. The cross is bouncing around a narrow range of 138.26-138.60 after recovering from its low of 137.27 on Wednesday. Generally speaking, bears are in charge of the asset. The pair has fallen during the last week as a result of failing to overcome the 144.00 resistance level, which has been a barrier for four weeks.

 

The chance of a recession in the eurozone has significantly increased as a result of the Bank of England's (BOE) negative assessment of the global economy. The BOE believes that price volatility in raw materials and energy might lead to economic disruptions in the future. The negative outlook of a Western central bank is fundamentally harmful to the FX market. The shocks to the economy would undoubtedly harm the eurozone as well because it forbids the import of Russian oil.

 

Along with fears of a recession, the common currency's bulls are also plagued by disputes over gas supplies between the economies of Europe and the United Kingdom. The British government has said that it would stop exporting gas to Europe if shortages develop there in the upcoming months.

 

The underperformance of the wage-price notion in Tokyo worries the Bank of Japan (BOJ). In order to keep inflation rates close to target levels, according to the BOJ, pay increases are required. If not, families would face greater price pressures, which would result in a decrease in the overall volume of demand.


Suggestion