Japanese Finance Minister Shunichi Suzuki said on Wednesday that he doesn’t want to “comment on whether Japan intervened in the FX market.”Won't rule out any options against excessive moves.is holding higher ground near 149.25, despite the Japanese jaw-boning. The pair is up 0.15% on the day, as of writing.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.NZD/USD has come under heavy selling pressure, dropping below 0.5900 after the Reserve Bank of New Zealand held the key interest rate unchanged at 5.5% in October, as widely expected. RBNZ offered a gloomy economic outlook, adding to the Kiwi's downside. AUD/USD is trading above 0.6300, attempting a recovery from a fresh 11-month low in early Asia on Wednesday.
While it is true that the crypto market tends to be arbitrary in its movement, the case with Bitcoin is slightly different. The first cryptocurrency in the world happens to have a pattern that has proved true despite the challenges from external factors. What goes up must come down – that adage has been relevant to the ISM Services Purchasing Managers' Index in the past six months, with data zigzagging between beats and misses.
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