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On October 5, 2025 (the fourth day of the Mid-Autumn Festival and National Day holiday), cross-regional passenger mobility totaled 301.2911 million, a month-on-month decrease of 1.1% and a year-on-year increase of 6.1%. Of this total, rail passenger volume reached 18.334 million, a month-on-month increase of 0.9% and a year-on-year increase of 4.5%. Highway passenger volume (including non-commercial passenger vehicle trips on expressways and ordinary national and provincial highways, as well as commercial passenger vehicle trips on expressways) reached 278.73 million, a month-on-month decrease of 1.2% and a year-on-year increase of 6.2%. Of this total, commercial passenger volume reached 35.23 million, a month-on-month decrease of 1.5% and a year-on-year increase of 2.5%. Non-commercial passenger vehicle trips on expressways and ordinary national and provincial highways reached 243.50 million, a month-on-month decrease of 1.2% and a year-on-year increase of 6.8%. Waterway passenger volume reached 1.9077 million, a month-on-month decrease of 0.9% and a year-on-year increase of 5.6%. Civil aviation passenger volume was 2.3194 million, a decrease of 1.8% month-on-month and an increase of 4.1% year-on-year.According to the Financial Times: The European Commission will introduce a new "Applied Artificial Intelligence Strategy" to accelerate the development and use of localized artificial intelligence technology.According to RIA Novosti: Russian air defense forces shot down 32 Ukrainian drones at night.On October 5th, the U.S. federal government shutdown entered its fourth day, and Americans are increasingly frustrated with the drama caused by partisan bickering. According to the New York Times website, a recent New York Times poll shows that Americans confidence in the U.S. political systems ability to solve problems is declining. Only 33% of Americans believe the country is capable of resolving its political problems, and a majority now believe it is unable to overcome its deep internal divisions. The poll also reveals a deep skepticism among Americans about the U.S. political system. Forty-one percent of Americans say they disagree that the United States is a democracy. Americans told CCTV reporters that their lives are already being impacted by the government shutdown, and that the bipartisan struggle has left ordinary people the ultimate victims.Polish Armed Forces: Poland scrambled aircraft to secure its airspace after Russia launched an attack on Ukraine.

On dovish BOJ bets, AUD/JPY seeks to retake a seven-year high above 97.00

Daniel Rogers

Jul 20, 2022 12:02

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The AUD/JPY currency pair is on course to retake its seven-year high of 96.90 after extending its five-day winning run. Due to the increasing potential of a wider policy divergence between the Reserve Bank of Australia (RBA) and the Bank of Japan, market participants have raised the risk barometer (BOJ).

 

Following the publication of the RBA's July monetary policy minutes, the Australian dollar is performing well against the Japanese yen. RBA officials offer harsh guidance in light of the intensifying price pressures in the Australian economy. While establishing price stability as soon as feasible is the RBA's goal.

 

RBA Governor Philip Lowe is now presenting at "The Australian Strategic Business Forum - Melbourne" on the topics of inflation, productivity, and the future of money. The comments RBA made According to Lowe, investors could expect higher inflation in June. The RBA will require more rate increases over the coming months in an effort to reduce pricing pressure.

 

This week, the Australian S&P PMI data will be the most important. The Manufacturing PMI may rise to 56.4 from its previous reading of 56.2. The Services PMI has increased from its previous reading of 52.6 to a current value of 55.

 

The headline-grabbing event on the Tokyo front will be the BOJ's announcement of its interest rate decision on Thursday. Given that the Bank of Japan is committed to increasing aggregate demand, Governor Haruhiko Kuroda is expected to make dovish comments. The central bank's goal is to keep inflation over 2%, and in order to do this, the wage price index must rise. This is because a higher inflation rate and lower pay levels might magnify the real income shock.

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