Turkey's most important stock index, the BIST 100, dropped sharply on Wednesday, falling over 8%, as the country was hit by a political ruckus.Earlier today, Istanbul Mayor Ekrem Imamoglu, who is a part of the Republican People's Party (CHP) and was supposed to become its candidate for the 2028...
The dollar sank compared to the yen on Monday, reaching a low unseen since December 17. On Friday, the Bank of Japan raised interest rates to 0.5%, taking them to their highest level in 17 years. The country's business activity improved slightly in January, although manufacturing lagged behind...
Japanese Finance Minister Katsunobu Kato said on Tuesday that the government is "alarmed" over recent foreign exchange moves, singling out those caused by speculators. He repeated the government's stance that it will react against excessive forex volatility. Kato said Japan has noticed...
The American dollar hit its highest level against the Japanese yen on Thursday since mid-July, after the latest job data revealed that the continuing jobless claims grew by 46,000 to 1,910,000.Higher unemployment may indicate potential labor market weakness, but the data might reflect a...
Japanese Finance Minister Shunichi Kato repeated on Friday the government's stance that it will take action against excessive volatility in the foreign exchange market. He said Japan noted "one-sided, sharp moves" in the market.Kato pointed out the importance of forex moving in a stable manner...
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