Finance International Relations News

"USD/JPY Hits Fresh 34-Year High Amid Japan's Warning on Weak Yen"

USD/JPY reaches a fresh 30+ year high as tensions escalate between Iran and Israel, causing Bitcoin to plunge and oil to experience volatility. Industrial metals like aluminum and nickel surge due to new US and UK sanctions on Russian supplies. China's People's Bank of China maintains an unchanged rate on this month’s Medium-term Lending Facility, while Chinese stock markets trade higher and state wealth fund Central Huijin increases stakes in China's big four banks. Additionally, Chinese private developers face a $553 billion funding gap to complete pre-sold homes.