The Traderszone Network

BoA / ML on euro, yen and Swiss franc (oh, and the GBP)
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5. The MoF’s intervention probability would increase, in our view.
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Within European FX, CHF is likely to be the main beneficiary as geopolitical risks become more concentrated into Europe.

Japan’s finance minister said Tuesday the government wouldn’t intervene in the currency markets “easily,” in a sharp shift in rhetoric suggesting that global criticism may have made Tokyo less eager to undertake steps to weaken the yen.
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Zenefits CEO said on Monday that about 10 percent of the company’s employees took him up on an offer to voluntarily leave.

This article is published in collaboration with Scutify, where you can
find real-time markets a

USD/JPY
– Sellers 104.80/85, 105.00. Stops above 104.90 and 00 mingled in
– Some sellers also 104.45/50
– Buyers 103.50, 103.00, stops under 103.50
Currently 104.11

The saying goes “when in a hole, stop digging.” In China, conventional wisdom appears to be flipped on its head as follows: “when facing a massive real estate bubble, keeping blowing.” That is the case at least according to the following chart showing the average price of land, the main ingredient of the property world, in the top 100 Chinese cities, which as of May has hit a record 3,100 Yuan per square meter.

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 Sellers 1.1400/20
– Buyers 1.1300/10, 1.1265/75
Currently 1.1335