Bank of Japan may intervene to arrest yen rise, says  Hiroshi Watanabe.
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Bank of Japan may intervene to arrest yen rise, says Hiroshi Watanabe.

TOKYO (Reuters) – Japan may intervene in the foreign exchange market to prevent the yen from rising above 100 to the dollar, but just once given the difficulty of keeping currency rates pegged at a set level, former top currency diplomat Hiroshi Watanabe said on Thursday. Many analysts expect the yen, which hovered around 103.50…

Oil slide as Coronavirus fears intensify. Yen & treasuries up
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Oil slide as Coronavirus fears intensify. Yen & treasuries up

Chinese Premier Li Keqiang on Monday visited Wuhan, the epicenter of an outbreak of a new coronavirus that has killed 80 and infected more than 2,700 people, as Beijing sought to signal how seriously it aims to respond to the developing crisis. Japan’s Nikkei average .N225 suffered a steep 1.8% loss, on track for the…

U.K. Economy Won’t Stay Close to EU After Brexit
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U.K. Economy Won’t Stay Close to EU After Brexit

U.K. Chancellor of the Exchequer Sajid Javid signaled Britain is planning to shift its economy further away from the European Union’s after Brexit, firing an early salvo in what’s set to be a fractious year to hammer out their future relationship. UK after Brexit “There will not be alignment, we will not be a ruletaker,…

Safe haven currencies pull back on geopolitical tensions ease
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Safe haven currencies pull back on geopolitical tensions ease

The well know safe haven currencies, the Japanese yen and the Swiss franc pulled back from recent highs on Tuesday as investors became less anxious about the chances of an all-out conflict between the United States and Iran. The yen fell from a three-month high versus the dollar, although sentiment remains fragile due to continued…

Suleimani Killing Sparks Fear of War and Economic Turmoil
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Suleimani Killing Sparks Fear of War and Economic Turmoil

Oil markets expect escalation in wake of U.S. strike on Iranian general. Crude oil prices soared after Iran vowed “harsh retaliation” for a Friday morning U.S. airstrike that killed the Iranian general Qassem Suleimani, one of the most powerful officials in Iran and the architect of Tehran’s terrorist campaigns around the region. The escalation in…