USD/JPY attracts some sellers below 151.00 as Japan’s Tokyo CPI inflation accelerates in November
The USD/JPY pair retreated below the 151.00 level on Wednesday, pressured by stronger-than-expected inflation data from Japan. Tokyo’s Consumer Price Index (CPI) surged in November, signaling persistent inflationary pressures and raising speculation about potential adjustments to the Bank of Japan’s monetary policy. The Tokyo CPI rose by 3.7% year-on-year, exceeding market forecasts and marking a […]
Oil Steady in Thin Trading After OPEC+ Delays Supply Meeting
Oil prices remained stable in subdued trading, with market participants awaiting clarity after OPEC+ postponed its planned supply meeting. The delay has added uncertainty to the group’s next move on production cuts, leaving traders hesitant to make significant bets. Benchmark Brent crude hovered near $80 per barrel, while U.S. West Texas Intermediate settled just under […]
Oil field owner sues California over law that would end its Los Angeles-area operations
A major oil field operator has filed a lawsuit against California, challenging a recent law aimed at phasing out oil drilling in Los Angeles neighborhoods. The company argues the legislation undermines its business interests and violates property rights, escalating tensions between fossil fuel producers and state officials pushing for stricter environmental measures. The dispute stems […]
Stablecoin volumes surge in November amid rising institutional demand for digital assets
November witnessed a sharp increase in stablecoin trading volumes, signaling heightened institutional interest in digital assets. Data shows a significant rise in transactions across major stablecoins, reflecting their growing role as a key bridge between traditional finance and the cryptocurrency market. The surge aligns with broader trends of institutional adoption, driven by a search for […]
Breaking: Japan’s Tokyo CPI inflation rises to 2.6% YoY in November vs. 1.8% prior
Japan’s Tokyo Consumer Price Index (CPI) rose 2.6% year-over-year (YoY) in November, accelerating sharply from October’s 1.8%. The increase highlights rising inflationary pressures in the world’s third-largest economy, driven by higher energy costs and a weaker yen. The latest CPI data exceeded market forecasts, adding to concerns that price growth may outpace wage increases, straining […]
ECB’s Villeroy: Victory against inflation is in sight
European Central Bank (ECB) Governing Council member François Villeroy de Galhau has expressed optimism about the fight against inflation, suggesting that the ECB is nearing a turning point. In a recent address, Villeroy noted that monetary policy measures are yielding results, with inflation trends starting to stabilize across the eurozone. He reiterated the importance of […]