EUR/USD
1.15178
-0.176%
Gold
4075.37
-0.062%
Oil
59.391
0.039%
USD/JPY
157.375
0.137%
GBP/USD
1.30473
-0.084%
GBP/JPY
205.336
0.065%
Real-time News
On November 20th, Chief Cabinet Secretary Minoru Kihara stated at a press conference that the recent one-way, sharp fluctuations in the yens exchange rate are worrying and require close monitoring. He pointed out, "We must be vigilant against excessive volatility and disorderly trends in the exchange rate." This statement came as the yen fell below 157 against the dollar, reaching its weakest level since January of this year. The weakening market expectations for a near-term interest rate cut by the Federal Reserve are a significant factor driving the dollars strength and putting pressure on the yen. Kihara emphasized that stable exchange rates based on economic fundamentals are crucial, and he opposed sharp fluctuations driven by speculation or market sentiment.Samsung Electronics gains widened to 5.5%.Fitch: Profitability of major Japanese banks will improve.On November 20th, the overnight SHIBOR was 1.3640%, down 5.60 basis points; the 7-day SHIBOR was 1.4600%, down 2.70 basis points; the 14-day SHIBOR was 1.5460%, down 2.20 basis points; the 1-month SHIBOR was 1.5180%, down 0.20 basis points; and the 3-month SHIBOR was 1.5790%, down 0.10 basis points.On November 20th, as the yen fell to its lowest level against the dollar in about 10 months, Bank of Japan board member Junko Koeda signaled on Thursday that an interest rate hike was possible as early as next month, emphasizing the necessity of normalizing interest rates. Speaking to local business leaders in Niigata City, Koeda said, "Given that real interest rates are currently at a significantly low level, I believe it is necessary for the central bank to proceed with interest rate normalization." Following her remarks, the yen weakened further against the dollar, indicating that investors may be awaiting a clearer signal of a rate hike. The market widely expects the Bank of Japan to raise interest rates no later than January next year, and Koedas comments reinforced expectations of a possible action in December.