Monthly Archives: September 2024
41654156156Yen Strengthens After Ishiba Wins Leadership Vote
Written on September 30, 2024 at 5:56 am, by pumarketings
Market Summary The financial markets were shaken by the unexpected victory in the Japan’s ruling party’s leadership race, which is set to replace the current Prime Minister of Japan. The win by Shigeru Ishiba, seen as favouring a more hawkish stance on monetary policy, led to a significant strengthening of the Japanese Yen, as hisContinue Reading
Japanese Yen Surge After Ishiba Wins PM Contest
Written on September 30, 2024 at 2:11 am, by pumarketings
Fundamental Analysis * Ishiba Wave: The Japanese Yen surged against the US Dollar after former Defense Chief Shigeru Ishiba won the Liberal Democratic Party’s (LDP) presidential election, securing his position as Japan’s next prime minister. Market participants view Ishiba’s victory as supportive of potential interest rate hikes by the Bank of Japan (BoJ). In previousContinue Reading
Trading Schedule Changes for AU Daylight Saving
Written on September 30, 2024 at 1:24 am, by alanzhu
Dear Valued Client, Please note that in observance of the upcoming AU Daylight Saving Time on 6 October 2024, there will be changes to PU Prime’s trading schedule starting from 7 October 2024. Kindly refer to the table below for the schedule of all the instruments that are subject to changes: *All hours are providedContinue Reading
