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Japanese Yen gains ground on intervention risks

The USD/JPY pair edges lower to around 162.45 during the early Asian session on Thursday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) amid fears of possible intervention from Japanese authorities. The US weekly Initial Jobless Claims report is due later on Thursday.Japan’s Finance Minister Satsuki Katayama said that Tokyo remains in regular contact with the US on foreign exchange issues and is ready to respond appropriately at any time.“The yen’s current weakness…

Business

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Billionaire Jeremy Grantham says SpaceX IPO is the ‘craziest’ in market history

SpaceX has been fast-tracked into the Nasdaq-100 Index, meaning the stock performance of Elon Musk’s rocket company is now directly tied to the retirement accounts, mutual funds and portfolios of millions of everyday American investors. But self-proclaimed market “permabear” and GMO co-founder Jeremy Grantham is heavily skeptical of the company’s…

Investing

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