News

Executive Director of the Japan Association for Financial Planners, Hideaki Kumano: In fact, US interest rates have not dropped significantly despite the decline in oil prices. Since US interest rates remain at a high level, there are still factors causing Japanese capital to continuously flow into the US. Therefore, the current trend of yen depreciation will not fundamentally change just because the Bank of Japan raises interest rates. Driven by artificial intelligence, the operating mechanisms of financial markets have become highly complex and sophisticated. As a result, it is difficult to change market trends even by using relatively traditional measures such as foreign exchange intervention. (CCTV)

Jinse Finance reported that on June 19, after Vice President JD Vance canceled his planned trip to Switzerland to participate in peace talks with Iran, Brent crude rebounded above $80 per barrel. Brent crude rose 0.5% to $80.23 per barrel, while West Texas Intermediate climbed 1.25% to $77.56 per barrel. Vance was originally scheduled to oversee the ceremonial signing of the agreement with Tehran. Kathleen Brooks from XTB wrote: "The market's euphoria over the agreement has shifted to some skepticism, as the deal is only temporary and not a peace treaty." Brooks added that oil trading could be volatile on Friday as increased oil flows through the Strait of Hormuz intermingle with concerns about the peace terms. Both major oil benchmarks are still expected to register significant weekly declines. (Sina Finance)

BlackRock executive Jay Jacobs stated that around 75% of IBIT investors have never held an ETF before, and crypto ETF is bringing Bitcoin holders into traditional financial markets. (Cointelegraph)