Japan’s Takaichi may raise defence spending target to 2% of GDP - Kyodo

Sagar Dua FXStreet

Japan’s newly elected Prime Minister (PM) Sanae Takaichi to say in policy speech the government plans to bring forward its target to raise defence spending to 2% of GDP from 2027-2028, Kyodo reported.

Market reaction

During the press time, the USD/JPY pair trades marginally lower to near 151.80 despite the US Dollar Index (DXY) tick up, suggesting slight strength in the Japanese Yen (JPY).

Japanese Yen Price Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the British Pound.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.04%	0.39%	-0.12%	-0.10%	-0.09%	-0.12%	0.00%
EUR	-0.04%		0.34%	-0.18%	-0.14%	-0.14%	-0.14%	-0.04%
GBP	-0.39%	-0.34%		-0.49%	-0.48%	-0.48%	-0.48%	-0.37%
JPY	0.12%	0.18%	0.49%		0.02%	0.05%	0.03%	0.15%
CAD	0.10%	0.14%	0.48%	-0.02%		0.00%	0.00%	0.11%
AUD	0.09%	0.14%	0.48%	-0.05%	-0.00%		-0.00%	0.10%
NZD	0.12%	0.14%	0.48%	-0.03%	-0.00%	0.00%		0.10%
CHF	-0.00%	0.04%	0.37%	-0.15%	-0.11%	-0.10%	-0.10%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

Author

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

GBP/USD stays defensive near 1.3450 amid Mideast uncertainty

GBP/USD drifts lower to near 1.3460 in European trading on Thursday. Conflicting rhetoric from US and Iranian officials about a potential deal fuels market concerns, allowing the US Dollar to attract some haven demand. Next of note for the major is the US Initial Jobless Claims report, while Mideast headlines will remain in play.

EUR/USD turns lower toward 1.1500 as USD finds demand

EUR/USD is turning south toward 1.1500 in the European session on Thursday, pressured by a modest US Dollar rebound. Markets stay wary about the prospects of a US-Iran peace deal and the reopening of the Strait of Hormuz, keeping the safe-haven USD underpinned. The focus is now on the US Jobless Claims data, following weak Eurozone Retail Sales report.

How Wall Street rigs the game [Video]

In this week’s Live from the Vault, Andrew Maguire is joined by Peter Antico and Sean Stone to discuss the Paradigm of Money - an in-depth expose of financial market corruption, from naked shorting to the two-tier system that protects Wall Street.

Top Altcoins: Ripple, Cardano, and Solana vulnerable to deeper losses

Ripple, Cardano, and Solana are trading in the red on Thursday, facing downside pressure. The technical outlook for altcoins is bearish, as XRP risks falling below $1.00, ADA is eyeing the 50-day Exponential Moving Average at $0.1766, and SOL remains capped below a cluster of resistance levels.

AI defies the disinflationary playbook: Why lower oil prices might not be enough to cool core inflation

The global economic landscape has been fixated on the Middle East since the US-Iran war started in late February, reacting to significant changes in crude Oil prices and assessing how they could influence inflation dynamics and growth outlook.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.