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26 Oct 2022

Japan’s Matsuno: Important to keep enough FX reserves to support own currency

Japan Chief Cabinet Secretary Matsuno said on Wednesday that it is “important to keep enough foreign reserves to support own currency in case of sharp and excessive market volatility.

His comments come after the Kyodo News Agency reported that Japan will likely spend JPY25.1 trillion ($170 billion) in its upcoming economic stimulus package.

Oct 26, 2022

EUR/USD: Break of 1.00 could trigger quite a sharp short squeeze to 1.02 – ING

EUR/USD continues to edge higher toward the key parity level. A break above here could trigger a sharp short squeeze to 1.02, economists at ING report
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Oct 26, 2022

AUD/USD: Further upside lies ahead near term – UOB

In light of the recent price action, further recovery in AUD/USD appears well on the cards for the time being, note UOB Group’s Markets Strategist Que
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