Japanese flows outward should ebb over time. Thus, economists at CIBC Capital Markets expect the USD/JPY pair to edge lower. 10-year JGB yields should drift towards 100 bps Over time, 10-year JGB yields should drift towards 100 bps – which is where they were in the years leading up to Abenomics. This is incredibly important
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Director of government relations for the US Blockchain Association believes that the market structure bill is probably a two-year thing. Analysts at CoinDesk believe that the bill could face a potentially hostile Senate and White House. The market structure bill is therefore unlikely to be received as is from Senate Democrats and the White House.
Chainlink network’s CCIP testnet has been subjected to interesting activity like digital coin transactions of the Australian, New Zealand and Singapore Dollar. Multiple transactions on the CCIP testnet have bridged stablecoins between the Ethereum and Avalanche chains. The growth and adoption of CCIP is likely to catalyze Chainlink price recovery in the long term. Chainlink
Pro-XRP attorney John Deaton argues that the altcoin XRP can hit its new all-time high during a Bitcoin bull run. Deaton argues that despite Ripple’s partial victory against the US SEC, a bull market is needed for XRP to hit a new high. XRP price is up 85% since the beginning of 2023. Attorney John
Shiba Inu price has rallied in response to bullish catalysts like the announcement of the blockchain-based digital identity system. SHIB’s social dominance and trading volume climbed in the past 24 hours, supporting the bullish sentiment among the meme coin’s holders. Selling pressure on SHIB remains low on crypto exchanges, despite a price rally in the
EUR/GBP gains for four consecutive days, up 0.81% for the week, trading at 0.8635 but failing to break through the 100-day EMA at 0.8655. The Bank of England’s 25 bps rate hike influences the pair’s movement, capping further advance. Technical outlook reveals an inverted head-and-shoulders chart pattern, targeting 0.8900. EUR/GBP rallies for the fourth straight
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