Monte Dei Paschi will request state aid

According to Reuters, Monte Dei Paschi will request state aid and preventive recapitalisation under Article 32 of board directive. Also, they will have specific proposal for retail investors that hold its 2018 upper tier-II bond in order to end or prevent disputes.

USD/JPY: extremely under-valued at current levels - BTMU

Analysts at Bank of Tokyo Mitsubishi explained that their fourth ranked currency is the yen, which raised eyebrows with us to be honest!  Key Quotes:
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USD/JPY: sideways with a bearish bias in Tokyo

Currently, USD/JPY is trading at 117.51, down -0.06% on the day, having posted a daily high at 117.68 and low at 117.48. USD/JPY is open in Tokyo wit
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