The possibility of official intervention regarding the yen has become a major concern following its decline below the key level of 140 against the dollar.
According to the Markets Live Pulse survey, over 40% of the surveyed market participants believe that investing in stocks of high-growth potential companies can yield the highest profits in the current year.
The Turkish lira continues to weaken after Recep Tayyip Erdogan’s victory in the elections.
The yen reached its lowest level since November 23, dropping to 140.23 on Thursday.
Oil prices are falling due to the escalation of the US debt ceiling situation and Russia’s statements about intending to reduce oil production within OPEC+.
Investors are skeptical about the swift recovery of the Chinese economy, which consumes approximately half of the world’s copper.
Oil prices reached $72 per barrel, earning approximately a 3% increase over the week – the first rise in the past month.
US President Joe Biden expressed confidence in preventing a US default, while Speaker of the House Kevin McCarthy stated that reaching an agreement this week is achievable.
In offshore trading, the yuan has fallen below the 7-dollar mark for the first time since December, due to discouraging economic indicators in China.
This impressive growth has been made possible by active foreign purchases and improvements in corporate governance within the country.