Blogs

<p>The US has filed public notification that it'll be selling over $130 mn in bitcoin seized as part of Silk Road money laundering and drug trafficking crimes.</p><ul><li>notice lists two lots of bitcoin that the government plans to sell</li><li>first is roughly 2,800 BTC for around $129 mn</li><li&

<p>JP Morgan says in a note on Thursday that the bulk of the profit taking selling in Grayscale’s bitcoin ETF (GBTC) is likely to have been completed and that selling p[pressure on BTC should now ease.</p><ul><li> JPM had previously projected around US$3bn would depart GBTC as investors took profit on the ETF trading below t

<p>This week we had a 50 basis point cut to China's Reserve Requirement Ratio (RRR), which appears to have lent the yuan enough support to break its three-week losing streak.</p><p>Barclays comments (via Reuters report):</p><ul><li>"China's support for yuan assets and growth has intensified, but on

<p>I posted earlier in the week with links to news about China's RRR cut:</p><ul><li><a href="https://www.forexlive.com/centralbank/icymi-pboc-to-cut-reserve-requirement-ratio-by-50bp-from-5-february-20240124/" target="_blank" rel="follow" data-article-link="true">ICYMI R

<p>European Central Bank Governing Council member and Bank of Portugal governor Mario Centeno will speak in an interview at 1300 GMT, which is 0800 US Eastern time on Friday, 26 January 2024.</p><p>The interview will centre on his views about monetary policy and the Portuguese economy.</p><p>The latest from the Europea

<p>Comments from Japan's Minister of Finance Suzuki:</p><ul><li>the government and the Bank of Japan are working closely together based on the need to achieve the 2% inflation target stably and sustainable</li><li>expect BOJ to guide policy appropriately</li></ul><p>Tokyo inflation plunged

<p>The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.</p><ul><li>USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.</li><li>CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.</li>

<p>People's Bank of China USD/CNY reference rate is due around 0115 GMT.</p><p>The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan

<p>The inflation data is here:</p><ul><li><a href="https://www.forexlive.com/news/tokyo-area-cpi-data-for-january-16-prior-24-20240125/" target="_blank" rel="follow" data-article-link="true">Tokyo area CPI data for January +1.6% (prior 2.4%)</a></li></ul><p&g

<p>Earlier from Japan:</p><ul><li><a href="https://www.forexlive.com/news/tokyo-area-cpi-data-for-january-16-prior-24-20240125/" target="_blank" rel="follow" data-article-link="true">Tokyo area CPI data for January +1.6% (prior 2.4%)</a></li></ul><p>From t