The Pound is posting moderate gains against a weaker Japanese Yen, weighed by Prime Minister Takaichi’s comments on Monday. The pair trades right above 212.00 at the time of writing, up from last week’s lows at the 209.60 area, but also below session highs at 212.68.
Crypto exchange Binance announced plans to convert assets in its Secure Asset Fund for Users (SAFU) reserve, consisting mainly of stablecoins, into Bitcoin (BTC) to support ecosystem growth and development.
The Indian Rupee remains under pressure as USD/INR approaches the 92.00 level. The upcoming FY2026/27 Budget announcement is crucial for assessing fiscal consolidation amidst rising capital outflows.