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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

Despite the dovish BOJ minutes, the AUD/JPY encounters obstacles at 95

Daniel Rogers

Jul 26, 2022 11:56

 截屏2022-07-26 上午9.53.51.png

 

The early hours of the Tokyo session saw the AUD/JPY pair present a downward breach of the minute consolidation formed in a range of 94.97-95.18. As a result, the pair is now falling. The asset has generally held up well, and this little decline can be attributed to market participants "taking gains." Since the Bank of Japan (BOJ(released) )'s dovish minutes from its monetary policy meeting in June, the risk barometer has decreased.

 

The BOJ Governor Haruhiko Kuroda kept the same interest rate policy last week, so investors should be mindful of this. In order to keep an inflation rate above the desired threshold, the BOJ kept its ultra-loose monetary policy in place. Its unwillingness to raise pay rates is becoming a significant barrier, though, and inflation rates higher than 2% are rarely justified by rising energy and food prices. In addition, the BOJ announced that it will continue to buy an unlimited number of bonds in order to maintain its bond yield cap.

 

Investors are eagerly awaiting the release of Australian Bureau of Statistics' inflation statistics on Wednesday in the aussie market. The predicted increase in the overall Consumer Price Index (CPI) for the second quarter of CY2022 is 6.2 percent, up from the previously estimated 5.1 percent. The Reserve Bank of Australia (RBA) will be forced by this to increase interest rates even further in its monetary policy for August. Following a 50 basis point (bps) hike in July, Governor Philip Lowe of the RBA has already increased the Official Cash Rate (OCR) to 1.35 percent.


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