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On September 6th, it was reported that on September 5th, the Haikou Municipal Housing and Urban-Rural Development Bureau issued a "Notice on Several Measures to Promote the Stable and Healthy Development of the Real Estate Market." The notice clarifies that individuals who have settled in Hainan will enjoy the same housing purchase rights as Hainan residents from the date of their settlement. Active-duty military personnel (including officers, non-commissioned officers, and conscripts) serving in Hainan will also enjoy the same housing purchase rights as Hainan residents. Employees of companies registered in Hainan who actually work and live in Hainan can purchase one unit of commercial housing in Haikou. Families with two or more children can purchase one additional unit beyond the current policy limit. The notice also encourages "trade-in" to meet the demand for improved housing. Anyone listing their own or a family members housing in Hainan for sale can exchange it for one unit of commercial housing in Haikou.September 6th - According to Shijiazhuang Release, Hebei Provinces first EU Next Generation (NG) certification was recently awarded to Shenze Economic Development Zone, marking a milestone breakthrough for the zone in its opening-up and green, low-carbon development. NG certification effectively addresses trade barriers imposed by the EUs Carbon Border Adjustment Mechanism (CBAM). All eligible market entities within the Shenze Economic Development Zone can now align with international rules such as the EU Radio Equipment Directive and the Corporate Sustainability Reporting Directive, enhancing the voice and core competitiveness of resident enterprises in the international market and facilitating Shenzes deep participation in the global green and low-carbon industrial chain.September 6th - According to a CNBC report, data released by the U.S. Bureau of Labor Statistics on Friday showed that of the 162,000 jobs added that month, women accounted for 158,000, or 98%. Men accounted for the remaining 4,000 net job gains, meaning they contributed almost 40 times less to overall job growth. The nonprofit Economic Security Project first pointed out this anomaly in Fridays data. Laura Ullrich, director of economic research at Indeed Recruiting Lab, said that with the release of Fridays nonfarm payroll report, the gap between women and men in employment has climbed to unprecedented levels. "We are in the midst of a transformation," Ullrich said. "This change is happening right before our eyes."September 6th - According to the Ministry of Water Resources, this morning (September 6th), the Ministry held a rolling consultation meeting to analyze and assess the national rainfall and flood situation and to arrange and deploy key defense work. As of 11:00 AM on September 6th, 10 rivers in Zhejiang, Jiangxi, Heilongjiang, and other areas remained above warning levels, with the largest exceeding the warning level by 1.04 meters. The peak of the first flood of the Ganjiang River in Jiangxi has passed the Zhangshu section, and it is expected that the entire main stream of the Ganjiang River will recede below the warning level within the next 24 hours.September 6th - Earlier today, the Iranian Revolutionary Guard Corps (IRGC) announced the release of previously undisclosed surveillance footage and videos of actions against vessels violating regulations. The IRGC stated that its navy took decisive action and implemented effective control in the Strait of Hormuz; any suspicious activity will be targeted. The IRGC asserted that the United States is the greatest threat to the security and maritime trade of countries in the region; any claims of US support and escort are pure lies.

As investors await BOJ involvement, the EUR/JPY exchange rate rises toward 143.00

Daniel Rogers

Oct 13, 2022 14:46

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The EUR/JPY pair is clinging to the nearby 142.60 barrier during the Tokyo session. The asset, which is up for auction between 142.25 and 142.60, is poised for an upward breakout as the risk-off drive begins to wane. The European Central Bank (ECB) President Christine Lagarde's hawkish remark has energized the shared currency's bulls, pushing the cross closer to the significant hurdle of 143.00.

 

The Governing Council is debating Quantitative Tightening (QE), according to an ECB policymaker, who also underlined that the interest rate is the best tool for the current economic environment. It is likely that restrictive policy measures will remain as long as prices in the trading bloc keep rising and show no signs of slowing.

 

The possibility of a second intervention by the Bank of Japan (BOJ) in the currency markets is growing on the Tokyo front. The current value of the yen, according to Japanese authorities, does not accurately reflect economic realities. The USD/JPY pair has significantly beyond the area where the BOJ intervened last month.

 

Hirokazu Matsuno, chief cabinet secretary of Japan, said: "We are actively watching FX movements with a high sense of urgency and will take appropriate measures on excessive FX swings." Despite declining to comment on daily variations in the FX sector. The declaration was made following the USD/JPY pair's multi-year peak at roughly 146.40.