EUR/USD
1.17356
0.225%
Gold
4412.50
1.682%
Oil
57.133
1.097%
USD/JPY
157.382
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GBP/USD
1.34311
0.431%
GBP/JPY
211.387
0.239%
Real-time News
Fitch affirmed the rating of Genting Group of Malaysia with a negative outlook and withdrew its rating watch.Greenlands Prime Minister: We are happy to cooperate with other countries, including the United States, but they must always respect us and our values and wishes.Greenlands Prime Minister: The US appointment of a Greenland envoy will not change anything for us; we decide our own future.Market news: HSBC has hired former Citigroup executive Ida Liu as its head of private banking.On December 22nd, former Bank of Japan (BOJ) Monetary Policy Committee member Makoto Sakurai predicted that the next window for the BOJ to raise interest rates to 1% might be around June or July next year, but the exact timing will depend on economic performance, wage growth, and inflation trends. He also pointed out that further rate hikes after this point may face greater challenges, as interest rates will gradually approach a neutral level, although the BOJ has not yet specified this figure. Sakurai believes that the BOJ internally likely considers 1.75% as the current estimate of the neutral interest rate. If this assessment holds true, then raising rates to 1.50% would still be significantly below the neutral level, thus reserving policy space for future rate cuts if necessary. He emphasized that the BOJ may want to raise rates at a pace of approximately once every six months, but is increasingly concerned about political pressure from the Takashi City government. He believes this may be the reason why Governor Kazuo Ueda has maintained an ambiguous stance in recent communications.
