Month: January 2023

Market Picture Bitcoin is currently trading at around $23.0K. Spikes to $23.7K and down to $22.5K leave their mark on the chart but do not move the market’s balance point. Interestingly, this oscillation occurs with a rising equity market in the background and a moderately weaker dollar, although this environment often feeds demand for risk.
Japanese Prime Minister Fumio Kishida was speaking in parliament. Earlier: Adding more now: economy’s falling back to deflation cannot be ruled Kishida cites: domestic demand-driven inflation remains weak “Inflationary pressure based on domestic demand is not strong yet, as current consumer price increases are brought by global raw material inflation and a weak yen” This
Eamonn Sheridan Thursday, 26/01/2023 | 04:02 GMT-0 26/01/2023 | 04:02 GMT-0 Japan’s Finance Ministry’s Vice Finance Minister for International Affairs Kanda. He is the guy (its normally a guy, yeah) who will instruct the BOJ to intervene, when he judges it necessary. Often referred to as Japan’s ‘top currency diplomat’. Comments: Cannot tolerate rapid, one-sided
Eamonn Sheridan Wednesday, 25/01/2023 | 23:53 GMT-0 25/01/2023 | 23:53 GMT-0 From that meeting: The BOJ BOJ The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ’s main responsibilities include issuing and managing the country’s currency, implementing monetary policy, and ensuring the stability