Day: January 29, 2019

January 29
2019

Japanese Yen Unfazed by Fake News Scandal, Recession Risks

The Japanese yen is modestly strengthening against a basket of currencies on Tuesday, despite a fake news data scandal hitting Tokyo and economists increasing the odds of a recession hitting the world’s third-largest economy. Japan’s economy is making history as it is experiencing the longest expansion phase since the end of the Second World War. Because of admirable domestic demand and an improving labor market, Tokyo is set to record its 74th straight month of advancement […]

Read more
January 29
2019

Pound Trades Within Tight Range Ahead of Key Brexit Plan B Debate

The British pound today traded in a consolidative range as markets await the Parliamentary vote on Theresa May‘s Brexit Plan B scheduled for later today. Today’s debate is quite important, but it is not a meaningful vote like the 15 January vote, which handed the UK government a historic defeat. The GBP/USD currency pair today traded in a tight range between a high of 1.3177 and a low of 1.3130 and was within this range […]

Read more