europeanroulettegame| EBC GROUP platform foreign exchange market report| G7 Group supports Japanese yen Nikkei index is still optimistic

The yen rose slightly on Monday (May 27), but it has not yet proved convincingeuropeanroulettegamerebound. The cumulative decline of nearly 11% during the year confused many traders, who had expected a narrowing policy gap to reverse the trend.

G7 finance ministers reiterated warnings on Saturday about abnormal fluctuations in foreign exchange markets, which was seen as permission for the Japanese government to intervene in the future.

Prior to the joint statement, Japan's chief monetary diplomat, Mizu Kanda, had already given a stern warning that Tokyo was ready to take action at any time to curb speculative short of the yen.

europeanroulettegame| EBC GROUP platform foreign exchange market report| G7 Group supports Japanese yen Nikkei index is still optimistic

Still, it is unclear how long G7 member states can tolerate human manipulation. U.S. Treasury Secretary Yellen reiterated her call last week for the exchange rate to be left to the market.

Bank of Japan Governor Kazuo Ueda pointed out that the contraction in GDP in the first quarter did not change the view that the economy is recovering moderately. Some analysts believe that weak data will hinder the interest rate hike process.

The Japanese stock market is clearly more popular. A Reuters survey showed that the Nikkei average is expected to be at 40750 at the end of the year, supported by corporate health prospects and a solid global economy.

Uncertainty surrounding the yen exchange rate has caused some damage to stock market sentiment, although some believe the negative impact of a potential yen appreciation will be limited.

[Risk warnings and exemption clauses for EBC GROUP platform foreign exchange market reporting]: This material is for general reference only and is not intended to be (and should not be regarded as) trustworthy financial, investment or other advice.

[Risk Warning] According to relevant regulations on foreign exchange management, buying and selling of foreign exchange should be carried out at trading venues specified by the country such as banks. Those who buy and sell foreign exchange privately, buy and sell foreign exchange in disguised form, buy and sell foreign exchange in reverse, or illegally introduce and sell foreign exchange in large amounts shall be subject to administrative penalties by the foreign exchange administration authority in accordance with the law; if the case constitutes a crime, criminal responsibility shall be investigated in accordance with the law.