EUR/USD 1.09423
-0.992%
Gold 3036.33
-2.501%
Oil 62.471
-5.781%
USD/JPY 146.825
0.520%
GBP/USD 1.28724
-1.731%
GBP/JPY 189.004
-1.200%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 6, Eli Lilly CEO David Ricks warned that Trumps decision to impose broad tariffs could ultimately hurt drug research and development in the pharmaceutical industry. Trumps reciprocal tariffs exempted drugs imported into the United States, which gave drugmakers a temporary relief. But industry leaders are still preparing for Trumps recent plan to implement tariffs on drugs. Ricks said: "We cant violate these agreements, so we have to bear the cost of tariffs and make trade-offs within the company. Typically, this will lead to layoffs or cuts in R&D investment, and I expect R&D to be the first to bear the brunt. This is a disappointing result."Starbucks Corp (SBUX.O) has sharply slowed its expansion plans in India as middle-class consumers cut back on spending.Russian air defense forces destroyed 11 Ukrainian drones during the night, Russian news agencies reported.On April 6, Mario Vogt, a member of the state governor of Thuringia, Germany, said that it is possible to resume importing natural gas from Russia. But he also said that Russian energy supply can only be restored after the Ukrainian conflict ends.Poland scrambled aircraft to secure its airspace following Russias attack on Ukraine, its armed forces said.

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