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USD/JPY bulls move in on the 131´s as US Dollar firms
USD/JPY is up 0.1% on the day and has traveled between 130.49 and 131.05 so far while the mood remains jittery after shares in Deutsche Bank fell 8.5% on Friday. Investors are depending on the authorities to ring-fence the banking sector while depositors have already been fleeing smaller banks as seen in the flows to money market funds.
Do Kwon to reportedly appeal against court’s decision to extend detention
Following his arrest in Montenegro while attempting to fly using fake documents, Terraform Labs co-founder Do Kwon will reportedly appeal the court’s decision to extend detention time for up to 30 days. A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for longer than usual, according to local media Vijesti.
