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On February 15th, local time, Ibrahim Rezaei, spokesperson for the Iranian Parliaments National Security and Foreign Policy Committee, stated that the current negotiations did not discuss Iran halting or abandoning its uranium enrichment activities, nor did they discuss removing Irans nuclear materials from the country; these issues have been accepted by the United States. Rezaei stated that the Geneva negotiations are unrelated to the missile issue or regional issues. Iran believes that Israel is the primary issue in the region. The threat from Israel should be excluded from the Geneva negotiations and discussed with other countries in the region to ensure their development, peace, and common interests. Rezaei emphasized that the Iranian negotiating team has prepared a negotiating plan, "but considering the United States past record, we are not very optimistic about the outcome of the negotiations."On February 15th, Yum China Holdings Limited (09987.HK) announced on the Hong Kong Stock Exchange that on February 6th, 2026 (US time), the company granted certain equity incentives to certain grantees under its 2022 Long-Term Incentive Plan, involving 190,046 stock appreciation rights; 477,790 restricted stock units, of which 86,282 were granted to the companys Chief Executive Officer and Director, Qu Cuirong; and 305,204 performance stock units, of which 103,538 were granted to Qu Cuirong. As previously disclosed, Wei Zhe was appointed as a member of the Nomination and Governance Committee of the Board of Directors, effective December 12th, 2025. On the grant date, the company granted 86 shares to Wei Zhe under the 2022 Long-Term Incentive Plan. These shares were granted as stock-based remuneration for his role as a member of the Nomination and Governance Committee from December 2025 to May 2026, and calculated pro rataly.The Ukrainian military reported an attack on the Taman oil terminal in Russias Krasnodar region.February 15th - According to Hong Kong Stock Exchange filings, Shanghai Greely Software Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Guotai Junan International and CMB Capital as joint sponsors.Russia has stated that its troops have captured the village of Tsvetkove in the Zaporizhzhia region of Ukraine.

AUD/JPY Retains Its Position At 89.00 As Demand For The Yen As A Safe Haven Wanes

Alina Haynes

Mar 17, 2023 13:51

AUD:JPY.png 

 

The risk proxy AUD/JPY was pummeled earlier this week in a risk-averse environment, sending the pair to 87.50. The emergence of the US banking sector's liquidity crisis revealed who was swimming naked.

 

This week was a roller coaster, with several banks experiencing liquidity shortages that prevented them from conducting regular market operations. Among the institutions are SVB, Signature Bank, Credit Suisse, and The First Republic Bank. Following the SVB's failure, nobody anticipated such a rapid rate of banks falling into the liquidity trap.

 

It appears that rising interest rates and quantitative tightening have stifled global liquidity and exert pressure on banks. Wednesday was a difficult day for the AUD/JPY pair due to Credit Suisse's problems, which prompted significant risk aversion. Credit Suisse is a crucial participant in global operations.

 

Several significant central banks took action as the media focused on Credit Suisse. The Bank of England (BoE) held extensive discussions with international counterparts, and the Swiss National Bank (SNB) proposed a CHF50 billion covered loan facility.

 

First Republic Bank encountered similar difficulties in the United States, but prominent institutions including JPMorgan, Citigroup, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley contributed a pool of liquidity.

 

During the previous trading session, the AUD/JPY exchange rate was bolstered by these contingency plans and prompt actions to address the emerging liquidity crisis. This week, despite positive Australian employment data, the AUD/JPY traded predominantly in accordance with risk sentiment.


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