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Forex

The USD/JPY Reached Its Highest Level in 38 Years

The USD/JPY Reached Its Highest Level in 38 Years

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?

BRICS Countries Embark On a De-dollarisation Trade

BRICS Countries Embark On a De-dollarisation Trade

Former Goldman Sachs chief economist, Jim O'Neil, has been calling for countries to challenge the US dollar. Brazil and China agreed to trade in their own currencies in a move seen as a step towards rivaling US global economic dominance.


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