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The chart shows that at 23:00 Beijing time on February 12, there will be large foreign exchange options contracts for EUR/USD, USD/JPY, etc. One contract has a strike price of over 1 billion. Please manage your risk accordingly.February 12 – On February 12, Foreign Ministry Spokesperson Lin Jian hosted a regular press conference. An AFP reporter asked about Lai Ching-tes remarks. Lin Jian stated that Lai Ching-tes remarks once again exposed his stubborn "Taiwan independence" nature, fully proving that he is a peace disruptor, crisis instigator, and war instigator, and fully demonstrating that "Taiwan independence" is the root cause of instability and chaos in the Taiwan Strait. Lin Jian pointed out that no matter what Lai Ching-te says or does, it cannot change the historical and legal fact that Taiwan is part of Chinas territory, cannot shake the international communitys adherence to the one-China principle, and cannot stop the historical trend of Chinas eventual reunification. Seeking "independence" through external forces and resisting reunification by force is like an ant trying to shake a tree—doomed to failure!ECB Governing Council member Villeroy: Frances first-quarter economic growth is expected to be in line with the projected 1% annual growth rate for 2026.February 12 - Today, the Taiyuan Satellite Launch Center in my country successfully launched seven satellites into space using a Jielong-3 carrier rocket from the sea area near Yangjiang, Guangdong. These satellites include the Pakistan PRSC-EO2 satellite, the CUHK-1 satellite, the Power Infrared Satellite A, the Shutianyuxing 03-05 satellites, and a space environment monitoring satellite. All satellites successfully entered their predetermined orbits, marking a complete success for the launch mission.A market director at Mizuho Bank said the Bank of Japan will adjust its monetary policy based on economic growth and other improvements.

As a result of hawkish RBA minutes, AUD/JPY surges to around 93.00

Alina Haynes

Feb 21, 2023 15:20

As the Reserve Bank of Australia's minutes revealed a hawkish stance, the AUD/JPY pair surged to near 93.00 during the Tokyo session (RBA). The RBA minutes make it plainly clear that higher interest rates are essential because robust consumer demand prevents the Australian inflation rate from decreasing from its peak.

 

According to the minutes, RBA members considered a 50 basis point (bps) increase in interest rates in light of the persistence of inflation. Members of the RBA also remarked that the unemployment rate is at its lowest point in the past fifty years and that the number of job opportunities is astronomically high, which is a source of happiness for consumers who are injecting surplus income into the economy.

 

Aside from this, the Australian economy benefited from improved trade terms and would benefit more from China's openness than a number of other countries. The Chinese government's relaxation of pandemic laws has expanded Australia's trading potential.

 

Philip Lowe, governor of the Reserve Bank of Australia, anticipates that the cash rate will climb to 3.75 percent over time, with headline inflation decreasing to 4.75 percent by the end of 2023 and returning to approximately 3 percent by the middle of 2025.

 

Previously, S&P Global reported upbeat preliminary Australian PMI (Feb) data. The Manufacturing PMI hit 50.1, above both the consensus forecast of 49.9 and the prior figure of 50.0. The Services PMI increased from 48.4 (estimated) and 48.8 to 49.2. (previously released).

 

About the Japanese Yen, Bank of Japan (BoJ) Governor Haruhiko Kuroda stated, "Due to labor demand and inflation, wage growth is predicted. The Japanese Yen has not notably reacted to the preliminary Jibun Bank PMI (Feb) statistics, which were mixed. The Services PMI has risen to 53.6, surpassing both the consensus expectation of 51.5 and the prior figure of 51.1. While the Manufacturing PMI has declined to 47.4 compared to expectations and the previous reading of 48.9, it remains above the 50-point threshold indicating expansion.


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