Dollar rises as stocks weaken

Dollar rises as stocks weaken

The dollar index (DXY00) rose +0.24% on Wednesday. The dollar rose on Wednesday due to GBP/USD weakness after November consumer prices in the UK rose less than expected. Additionally, the yen’s weakness on Wednesday was positive for the dollar as Japanese fiscal concerns weigh on the yen. Additionally, Wednesday’s stock market crash boosted liquidity demand…

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Japan Launches World’s First Yen Stablecoin – Here’s Why It Could Reshape Asian Crypto Settlements

Japan Launches World’s First Yen Stablecoin – Here’s Why It Could Reshape Asian Crypto Settlements

Benzinga and Yahoo Finance LLC may earn commissions or revenue on some articles through the links below. As dollar-backed stablecoins continue their stranglehold on the global market (dominating 99% of the $286 billion sector), Japan just made a move that could finally give Asia its own digital currency heavyweight. Tokyo-based fintech startup JPYC launched the…

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Japan considers allowing banking groups to offer cryptocurrency trading services, Nikkei reports

Japan considers allowing banking groups to offer cryptocurrency trading services, Nikkei reports

(Reuters) -Japan’s financial regulator is considering allowing members of banking groups to launch cryptocurrency trading services, in a move to expand market access and encourage competition, the Nikkei reported on Wednesday. Japan’s Financial Services Agency (FSA) is also considering lifting the ban on banks buying and holding cryptocurrencies for investment. Currently, subsidiaries of banking groups…

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During his trip to Japan, Luigi Mangione jokingly texted about paying a prostitute with ‘Porn Star Pokémon’ cards

During his trip to Japan, Luigi Mangione jokingly texted about paying a prostitute with ‘Porn Star Pokémon’ cards

NEED TO KNOW Luigi Mangione backpacked through Asia months before he was charged with the murder of UnitedHealthcare CEO Brian Thompson. The New York Times detailed Mangione’s travels, which included stops in Japan, Thailand and India. At one point Mangione reportedly texted a joke about paying a prostitute with “Porn Star Pokemon” cards. Several months…

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