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On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.On December 21, Russian Presidential Aide Ushakov told the media that the proposal to hold trilateral talks between Russia, the United States, and Ukraine has not yet been put on the agenda or discussed. He also pointed out that the modifications proposed by Ukraine and Europe to the Russia-Ukraine "peace plan" are not conducive to advancing the agreement. Ushakov confirmed that Russias Special Representative for Foreign Investment and Economic Cooperation, Dmitriev, is currently in Miami holding talks with the US. He revealed that Dmitriev will report on the results of the talks with the US after returning to Moscow. On the same day, Russian Presidential Press Secretary Peskov told the media that President Putin has no plans to speak with US President Trump before the end of the year, but arranging a call would be easy.On December 21st, according to Japanese sources, during a debate program, Itsunori Onodera, chairman of the Liberal Democratic Partys (LDP) Security Research Council, proposed that it is necessary to discuss the definition of the "Three Non-Nuclear Principles." He discussed Japans current reliance on the US "nuclear umbrella," stating, "This is one of the issues that should be discussed." Onodera said the LDP plans to submit a related motion to the Cabinet in February next year to promote discussion in the Diet. The "Three Non-Nuclear Principles" refer to not possessing, manufacturing, or introducing nuclear weapons. Recently, several political parties, politicians, and numerous civic organizations in Japan have called for adherence to the "Three Non-Nuclear Principles" to avoid a repeat of the tragedy of war.

EUR/JPY hits resistance at 143.30 despite Japan's dismal Unemployment data

Daniel Rogers

Jul 01, 2022 11:12

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The EUR/JPY pair is facing resistance at 143.30 despite the increase in Japan's Unemployment Rate. According to the Statistics Bureau of Japan, the unemployment rate is 2.6%, which is higher than both estimates and the previous number of 2.5%. The ratio of job openings to applicants has climbed to 1.24, which is higher than the previous reading of 1.23 and in line with the consensus prediction of 1.24.

 

Rising employment prospects in the Japanese economy suggest that the Bank of Japan's (BOJ) conservative monetary policy is fostering job creation. The availability of inexpensive money in the economy fosters aggressive corporate investment. In addition, the rising exports of the economy and the inexpensive Japanese yen are boosting the labor market. In FY2021, Japan's tax revenue surpassed 67 trillion yen - Nikkei. A rise in the economy's tax revenue may provide support for the yen bulls.

 

The bulls of the shared currency await the publication of the Harmonized Index of Consumer Prices on the eurozone front (HICP). According to forecasts, the annual inflation rate might rise from 8.1 percent to 8.3 percent. Christine Lagarde, president of the European Central Bank (ECB), stated that despite a slew of rate hike announcements, a return to a lower inflation environment is exceedingly improbable.


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