Lookonchain APP

App Store
Feeds Articles

The Japanese government denies guiding the depreciation of the yen

3 hours ago

March 4th: In response to US President Trump's assertion that Japan has been guiding currency depreciation, the Japanese government refuted this on the 4th. When explaining the reason for taxing Japan at the White House on the 3rd, Trump stated that Japan has been guiding currency depreciation, putting the US in a "very unfair disadvantage." Trump claimed that he would use taxes to "promptly and effectively achieve fairness." In response, Japanese Chief Cabinet Secretary Hirokazu Matsuno said at a press conference on the 4th that Japan has not pursued a policy to guide the depreciation of the yen. Relevant parties in Japan will continue to have close consultations with US Treasury Secretary Yellen. Japanese Finance Minister Taro Aso also stated that Japan has not pursued a yen depreciation policy, and the Japanese government and the central bank have been trying to correct the trend of yen depreciation and dollar appreciation through exchange rate intervention since 2022. (Jinshi)
Add to Favorites Download image Share x Copy link
Relevant content

David Sacks: White House Will Support CRA to Repeal "DeFi Broker Rule"

On March 4th, David Sacks, the White House AI and Cryptocurrency Czar, posted on social media and stated, "The White House is delighted to announce its support for the Congressional Review Act (CRA) which was introduced by Senator Ted Cruz and Congressman Mike Carey to revoke the so-called 'DeFi Broker Rule'. This was the Biden administration's last-minute assault on the crypto community."

4 minutes ago

Analyst: The market has fully priced in the expectation of three interest rate cuts by the Federal Reserve this year

On March 4th, Analyst Adam Button stated that the present trade environment is difficult and setting interest rate policy is also very challenging. Up to now, there haven't been a great many signs indicating an increase in dovishness from the Federal Reserve. However, yesterday, St. Louis Fed President Bullard emphasized some downside risks facing the economy, which opened the door for the Fed. In addition, each Fed official has made similar "wait-and-see" statements, emphasizing that they are only willing to cut rates after seeing a 2% inflation rate. The market did not wait for a stronger signal. Instead, it increased its expectations for Fed easing from 40 basis points a few weeks ago to 80 basis points this year. The upcoming March meeting still shows a very low possibility of a rate cut, but the probability of a rate cut at the May meeting has now exceeded 50%. At the more distant end of the curve, terminal rates have dropped by approximately 50 basis points. (FXStreet)

4 minutes ago

The S&P 500 index has erased its post-election gains, wiping out $3.4 trillion in market value.

On March 4th, the S&P 500 index wiped out its post-election gains, erasing $3.4 trillion in market value. (FX168)

4 minutes ago

Economist: Market Response to Trump's Tariffs is Lukewarm

On March 4th, Derek Holt, an economist at the Canadian Imperial Bank of Commerce, stated that thus far, the sell-off in the financial market triggered by U.S. President Trump's imposition of a 25% tariff on Canada and Mexico has been relatively moderate. The reasons encompass that traders have already assimilated the tariff risk. At least, Canada's retaliatory response is less than what the U.S. has implemented. Additionally, it remains uncertain how long Trump will sustain the tariff. Holt believes that Trump imposed the tariff prior to his speech to Congress members on Tuesday evening in order to demonstrate progress on the trade front. He further added that given Trump's keen attention to the stock market performance, traders might think that a decline in risk appetite could prompt Trump to alter his stance. (FX678)

4 minutes ago

SOL Rises Above $140

On March 4th, based on HTX market data, SOL experienced a rebound and broke through $140. The 24-hour price decline narrowed to 12.30%.

4 minutes ago

The three major US stock indices all fell, with Strategy dropping by 4.27%.

On March 4th, when the U.S. stock market opened, all three major stock indexes declined. The Dow dropped by 0.66%, the S&P 500 fell by 0.76%, and the Nasdaq decreased by 0.99%. Tesla (TSLA.O) saw a 4.3% decline. This was because Bank of America had previously significantly reduced its target price from $490 to $380. Nvidia (NVDA.O) continued its decline from the previous day and opened down by 2.2%. Regarding cryptocurrency-related stocks, Coinbase fell by 1.51% and Strategy fell by 4.27%.

4 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A whale exchanged WIF and Bonk positions for Fartcoin!

2024.12.25 11:01:14

 More

Hot Articles

Follow us

X

Follow

Telegram

Join