"USD/JPY Hits Fresh 34-Year High Amid Japan's Warning on Weak Yen"
TL;DR Summary
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.
- ForexLive Asia-Pacific FX news wrap: USD/JPY extends higher again ForexLive
- Japanese Yen Forecast: Where's the Line in the Sand for USD/JPY? FOREX.com US
- USD/JPY stretches to fresh 34--year high ForexLive
- After U.S. Inflation Shock, Next Shoe to Drop Could Be in Tokyo The Wall Street Journal
- Japan repeats warning against excessively weak yen Reuters
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