Japanese yen makes huge gains today

During Tuesday’s deliberations; The global currency market saw the rise of 5 major currencies and achieved strong profits, mainly; The Japanese yen, which accounted for the bulk of the list of the most earned currencies during trading; The yen of Japan posted a profit of 4.71% against the other seven major currencies, supported by a weak appetite for risk to today’s transactions; This has led to growing demand for the Japanese yen as a safe currency.

The Japanese yen also received remarkable support that helped it top the list of today’s most lucrative currencies. s Finance Minister Suzuki’s remarks regarding the stability of the currency market, Suzuki expressed the importance of stabilizing foreign currencies, adding that he monitors the flow of foreign exchange movements. This has affected the prospects of the Bank of Japan’s intervention in the currency market to support the Japanese yen in instability.

second grade; The euro or the European single currency rose significantly by 1.86%, with the support of some members of the European Central Bank’s hard-line monetary policy statements; European Central member Ollie Rinne confirmed that the Bank would again raise interest rates to adequately restricted levels; in order to restore inflation to the Bank’s target of 2% in a timely manner over the medium term; boosting the rise of the euro with today’s foreign exchange market transactions.

additionally; The United States dollar found a remarkable acceptance that helped it acquire third place on today’s winning currency list, registering a profit of 1.39% against other global currencies; The United States dollar benefited from the Federal Reserve’s monetary policy report by the end of last week ahead of the testimony of Jerome Powell, governor of Congress this week; According to the report, inflation in the United States remains well above the target, raising market expectations about the likelihood that the United States federal will continue to raise interest, contributing to the United States dollar’s clear gains against other currencies.