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Latest Headlines Put Pressure On Japanese Yen, EURJPY Spikes 100 Pips

FOREX
  • USDJPY jumps 50 pips on latest headlines, further paring losses on the session but remains down 0.52%. EURJPY the bigger mover, spiking around a big figure to 141.40 a few moments ago.
  • The article highlights that while scenario planning has been going on for some time, urgency has been added after the firm’s shares plummeted to a record low and the cost to insure the bank’s debt reached crisis levels.
  • The lender has asked the Swiss central bank and regulator Finma for public statements of support, people familiar with the matter said. Such a statement may come as soon as Wednesday, one of the people said. (Bloomberg)
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