AMSTERDAM, NETHERLANDS - Media OutReach Newswire - 5 June 2026 - XTransfer, the world's leading B2B cross-border trade payment platform, and Societe Generale, a leading European bank in transaction banking, announced having signed a Memorandum of Understanding (MOU) during Money20/20 Europe 2026 ...
Bitcoin trades near $63,248 after rebounding from $61,310, as $1.1 billion in crypto liquidations, ETF outflows and weak technical indicators pressure market sentiment.
Forex Market: Rupee appreciates 50 paise to 95.24 against US dollar following new RBI norms on FPI investment in government securities.
BitcoinWorld US Dollar Outlook: NFP Risks Balanced, Says MUFG Analysts at MUFG Bank have assessed the risks surrounding the upcoming US nonfarm payrolls (NFP) report as balanced for the US dollar, suggesting that the currency’s near-term direction may hinge on the data’s deviation from market expectations. The assessment comes as traders and investors brace for one of the most closely watched monthly economic indicators, [...] This post US Dollar Outlook: NFP Risks Balanced, Says MUFG first appeared on BitcoinWorld .
USD/JPY continued its decline for the second consecutive day, dropping to around 159.90 during Friday's Asian session. Selling pressure on the greenback was triggered purely by the release of Tokyo's foreign exchange reserves data, which confirmed large-scale physical intervention in the forex market, combined with the release of very hawkish Japanese domestic wage growth data. ------------------------------------------------------------------------ ✅ Fundamental Dynamics: Record Foreign Exchange Reserve Shrinkage & BoJ Interest Rate Signals The yen gained concrete support through concrete actions by the Japanese Ministry of Finance (MoF) and upstream macro data: - MoF "Ammunition" Leak: Official data showed Japan's foreign exchange reserves plummeted by USD 77.11 billion to close May at USD 1.31 trillion. This steepest decline in modern record-keeping history since 2000 confirms speculation that Tokyo has burned through a record JPY 11.7 trillion in aggressive yen buying intervention. - Katayama vs. Takaichi's Firmness: Finance Minister Satsuki Katayama renewed his stern warning at the psychological level of 160.00, emphasizing that authorities are always ready to take appropriate action in the forex market to counter the volatility caused by the Strait of Hormuz conflict. ------------------------------------------------------------------------ ✅ Technical Analysis: Testing the Daily Psychological Pivot Level (H4) Technically, USD/JPY is undergoing a healthy correction phase after experiencing a strong price rejection just above the intervention level of 160.00. - Sell Distribution Pattern: The decline below 160.00 demonstrates that short-term speculators are choosing to unwind long positions for fear of facing Katayama's verbal intervention directly. - Focus on the Super NFP Catalyst: All technical movements in USD/JPY this afternoon are projected to slow down and undergo slight consolidation ahead of the release of the US Nonfarm Payrolls (NFP) report at 7:30 PM WIB tonight.
India's forex reserves dropped $7.511 billion to $681.384 billion during the week ended May 22
The MPC policy aligned with expectations. Significant measures were announced on foreign capital flows, external borrowing, and forex management. Bond yields softened slightly. Experts caution about inflation outlook.
Sanjay Malhotra has been appointed as the new Governor of the Reserve Bank of India. In his first address, he revealed that India's foreign exchange reserves stand at a healthy USD 682.3 billion, sufficient for about 11 months of imports. He discussed various policy initiatives aimed at strengthening the balance of payments, including agreements with trading partners and easing FDI restrictions. Malhotra emphasized the importance of maintaining liquidity in the banking system and highlighted the challenges posed by global economic uncertainties. This article delves into his vision and the current state of India's forex reserves.
Mumbai: Reserve Bank Governor Sanjay Malhotra Friday said the forex reserve stood at a healthy USD 682.3 billion, adequate to provide import cover for about 11 months. Various policy initiatives are expected to strengthen the balance of payments, he said while announcing the second bi-monthly monetary policy for the current fiscal. The initiatives include the [...]
The new “Masters of the Universe” reboot sees Prince Adam return to his home planet of Eternia after years stranded on Earth, where he must embrace his destiny as He-Man.
KUALA LUMPUR: Regional cooperation will be critical to optimising resources and creating markets that are deep enough to support long-term investment in the energy landscape, said Tenaga Nasional Bhd (TNB).
CleanAI Initiative promotes the tech for its ability to reduce environmental footprints of industrial sectors and operations