Yen unexpectedly appreciates
According to Lao Dong, on June 9, the Japanese Yen (JPY) suddenly increased in value against the US Dollar (USD), in the context of the market increasingly believing that the Bank of Japan (BoJ) will continue to increase interest rates in the coming time. This expectation was reinforced after the Japanese government's release of GDP data for the first quarter of 2025 was adjusted more positively.
Instead of falling 0.2% as initially estimated, the Japanese economy actually did not fall in the first quarter, which was better than expected. Personal consumption - accounting for more than half of the economy - also recorded a slight increase of 0.1% compared to the "standing" figure in the previous report. These signs show that the Japanese economy is recovering slightly, creating conditions for the BoJ to continue its monetary tightening policy. See more...
Many traders at Dong Hoi market have not yet opened their stores, trading at a low level
Silver price breaks out, experts say there is still room for increase
After many gloomy years, the silver market is reeling as prices soar above $35/ounce, hitting a 13-year high.
Jim Wyckoff - senior market strategist - commented that this price increase has been awaited by the market for a long time and is completely likely to continue. Since gold hit a new peak of $3,485.60 an ounce in April, I have viewed silver as a valuable investment opportunity. Currently, this metal is likely to enter a strong breakthrough, he said.
According to Wyckoff, silver could well head toward the $40/ounce resistance zone, with a long-term target of a historical peak of $10.36/ounce set in 1980.
Although the recent rally has been impressive, its not surprising as silver has typically fluctuated strongly, said David Morrison, an analyst at Trade Nation. The question now is whether silver will continue to increase to surpass the $50 peak set in April 2011 or not." See more...
Discovering more than 4 tons of smuggled, unsafe dried red apples in Hanoi
On the afternoon of June 9, information from the Hanoi Market Management Department (QLTT) said that the Market Management Force had just discovered a large quantity of dried red apple products without invoices and documents proving their origin.
Accordingly, on the same day, Market Management Team No. 11 conducted an inspection of business household B.T.T (born in 1986, address in Group 12 Trinh Luong, Phu Luong Ward, Ha Dong District, Hanoi).
At the time of inspection, the working group discovered and temporarily detained 4,300kg of dried red apples produced abroad. See more...
