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05:00
Sanae Takaichi clarifies weak yen remarks, says focus is on strengthening economic resilience
According to Odaily, Japanese Prime Minister Sanae Takaichi clarified her remarks on the depreciation of the yen on Sunday, emphasizing that she was merely advocating for the establishment of an economic system capable of withstanding exchange rate fluctuations. "I did not say that a stronger yen is a good thing, nor did I say that a weaker yen is a bad thing," Takaichi wrote on her social media platform X. "What I meant is that I hope to build a robust economic structure that can withstand exchange rate volatility." Takaichi's comments were intended to clarify her statements made on Saturday in Kanagawa Prefecture while campaigning for Liberal Democratic Party candidate Taishiro Yamagi. At that time, she said, "Although people now say that the depreciation of the yen is a bad thing, for export industries, it is actually a huge opportunity." She also added that the depreciation of the yen provides a buffer for the automotive industry in dealing with U.S. tariffs, which is "extremely significant." (Golden Ten Data)
04:26
With the Indian budget announcement approaching, analysts warn of poor Sunday trading liquidity, and institutional absence may intensify volatility.
Glonghui, February 1st|India's Finance Minister Nirmala Sitharaman will present the 2026-27 budget at 11:00 AM IST (13:00 GMT+8). Santosh Meena, Head of Research at Indian financial services firm Swastika Investmart, stated: "Extreme caution is required when trading on budget day, as historically, this is one of the most volatile days of the year for the Indian market." "Since today is Sunday, market dynamics are rather unique, and institutional investors who usually provide the necessary liquidity and stability may be largely absent or inactive," Meena added. Rajesh Singla, CEO and Fund Manager of speculative institution Alpha AIF, said: "Investors are not expecting headline-grabbing surprises, but are focusing on the continuity of government capital expenditure, fiscal discipline, and clarity of execution."
04:19
A certain whale fully closed their $LIT long position after 34 days, incurring a loss of $3.7 million.
PANews reported on February 1 that, according to Onchain Lens monitoring, after holding a $LIT long position for approximately 34 days, the whale "0xf39" has fully closed the position, incurring a loss of $3.7 million.
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