Finance
MUFG, Sumitomo Mitsui and Mizuho anticipate sudden dollar demand amid Iran war
Sumitomo Mitsui Banking Corp., Mizuho Bank and MUFG Bank are trying to prepare for a sudden surge in demand for dollar funding. (Source photos by Nikkei)
TOKYO — Japan’s leading financial institutions are significantly expanding their foreign currency liquidity reserves as concerns mount over potential disruptions to global dollar funding markets stemming from escalating tensions in the Middle East.
Also Read
- Elliott Wave Analysis Signals Continued XAUUSD Bullish Momentum Above Key Support Levels
- Gold Surges Past $4,600 as US Treasury Buyback Plans Weaken Dollar
- Euro Maintains Gains as US Treasury Buybacks Weigh on Dollar
- Tokenization’s Next Frontier: Unlocking Financial Utility Through Programmable Assets
