The consequences from the SVB, according to Japan’s Chief Cabinet Secretary Hirokazu Matsuno, won’t have a significant influence on the country’s financial institutions. Overall, the financial institutions in Japan have an adequate capital basis and liquidity.
It is unlikely that the bankruptcy of Silicon Valley Bank would significantly affect the stability of the Japanese financial system.
“The agreement between Iran and Saudi Arabia on diplomatic normalizations is a step forward for peace and stability in the Middle East.”
Matsuno Statement Impact on USDJPY
USDJPY is still strongly offered around 134.40 against a generally declining US Dollar. The recent increase in the pair may be related to the risk rebound and rising US Treasury bond rates. The price is still down by 0.44% today.
