Singapore Unemployment rate increased to 2% from previous 1.8%

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Jul 30, 2015

USD/JPY: Bulls on its way to conquer 124.50

The bid tone around the USD/JPY pair keeps increasing in the Asian trades, driving the major towards key 124.50 resistance levels, on the back of broadly stronger greenback while diminishing appeal for safe-havens such as yen on stabilizing Chinese equities also added to the upbeat momentum in the pair.

Watch out for accumulating risks from easy policy – BOJ Ishida

Bank of Japan (BOJ) board member Ishida is crossing the wires via Reuters warning markets to watch out for risks emerging for Japan's financial system as a result of QQE while raising concerns over exports and production recovery during summer.