Japan Can Do What It Wants According To The G7


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Now that Currency Wars have been headline fodder for a couple of weeks, it has been necessary for authorities to step and cool that thought. This market has been assured from the highest authority, credible or not, that the ECB sees no risk of a currency war and it must be avoided. Vice-president Constancio reiterated the ECB's position, stating that they respect the "the G7 and G20-nation principles of floating exchanges" and the EUR being a member, its value should be left to the markets. The authorities only concerns rely in the single currency's exchange rate effect on future inflation.

What about Japan's monetary easing efforts? The ECB is relying on the good nature of nations that have signed the G7 and G20 statements not to pursue "unilateral interventions" in the currency markets. Japan knows that any "direct intervention in the foreign exchange market must be coordinated with other major floating currencies.

Japan received a slapping on the wrists from...


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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