Bernie Sanders asserts that AI will take away jobs and calls for government intervention.

Bernie Sanders asserts that AI will take away jobs and calls for government intervention.

Concerns About AI and Job Displacement In recent months, figures like Senator Bernie Sanders, who aligns with the Democratic caucus, have voiced growing unease regarding artificial intelligence’s implications for the job market. They’re forecasting a bleak future and advocating for some form of governmental intervention. Sanders questioned, “How do you just throw millions of people […]

Pound falls sharply amid suspected intervention in the Yen

British Pound holds onto intraday losses against strong USD following poor UK PMIs.

On Thursday, the pound against the yen dropped significantly to around 213.20, a decline of about 2.4%. This shift was largely due to a sudden strengthening of the Japanese yen in response to the monetary policy announcement from the Bank of England, which overshadowed the pound’s reaction. As anticipated, the Bank of England decided to […]

Euro weakens against Japanese Yen as traders watch for potential intervention.

Euro declines to around 1.1900 as traders anticipate US data

In early trading on Tuesday, the EUR/JPY exchange rate dipped to around 184.85. The Japanese yen (JPY) has strengthened against the euro (EUR), as traders are cautious about potential intervention from Japanese officials. On the same day, data on German retail sales and inflation are anticipated. Japanese Finance Minister Satsuki Katayama stated that authorities are […]