The Japanese yen rose in the Asian market on Friday against a basket of major and minor currencies, maintaining its gains for the fourth consecutive day against the U.S. dollar, near a four-week high, and on track to achieve a weekly gain. This came after Japanese wage data provided more room for the Bank of Japan to raise interest rates for the third time this year. The yen was also supported by the current decline in the yield on 10-year U.S. Treasury bonds, ahead of the U.S. monthly jobs data, which will provide strong clues about the pace at which the Federal Reserve will cut interest rates in September.
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25 Jul 2025
European Central Bank: Eurozone companies under pressure from Chinese competition
A survey conducted by the European Central Bank revealed that eurozone companies are facing a growin...
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