Investing in Currencies

The Japanese yen retreats to 142.5 per dollar as Bank of Japan's December meeting reveals discussions on exiting massive stimulus, signaling caution and a focus on the wage-inflation cycle. Governor Ueda hints at a rising likelihood of Japan's economy escaping low inflation but emphasizes a gradual approach to policy changes.HighlightsJapanese Yen Depreciation: The Japanese yen has weakened, slipping past 142.5 per dollar, indicating a depreciation from recent highs.Bank of Japan's December Meeting Summary: The easing of the yen is linked to the Bank of Japan's (BOJ) December meeting, where board...

New Delhi, Dec 27 (IANS) Hackers stole around $2 billion in cryptocurrencies in 2023, a substantial decrease from an all-time record of around $3.8 billion in 2022.Among the major hacks this year was Hong Kong-based crypto company Mixin that saw $200 million being stolen in a data breach that occurred in September. In March, Cyber-criminals stole about $197 million from crypto lending platform Euler Finance. According to De.FI, the Web3 security firm that runs the REKT database, the $2 billion in crypto hacking this year, “though dispersed across various incidents,...