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On March 15, the Israel Defense Forces (IDF) issued a statement saying that it continued its strikes against ballistic missile and drone systems in western and central Iran. The statement indicated that the IDF, based on intelligence, struck a drone launch team inside a hangar in western Iran. The statement also said that since the start of the current conflict, Israel has struck hundreds of air defense systems, ballistic missile launchers, and related infrastructure in Iran.The Nordic countries and Canada issued a joint statement announcing their commitment to enhancing their defense industry capabilities in order to accelerate the production of defense products and strengthen combat capabilities.The Nordic countries and Canada issued a joint statement announcing that they will continue to provide economic, civilian, military, and humanitarian assistance to Ukraine.March 15 - At noon local time on March 15, the Israel Defense Forces (IDF) stated that it had detected another ballistic missile launch from Iran, marking the seventh ballistic missile attack launched by Iran against Israel since midnight that day.On March 15, Iranian Foreign Minister Araqchi spoke by phone with French Foreign Minister Barrow on the evening of March 14 local time. The two exchanged views on the current US-Israeli military action against Iran and the regional situation. Araqchi pointed out that the provocative actions of the United States and Israel are the root cause of insecurity in the region and the Strait of Hormuz, and strongly condemned the aggressive attacks on Iranian military facilities. He emphasized that Irans defensive actions are only aimed at the military targets of the aggressors, not at regional countries. At the same time, Araqchi stated that the core of the instability in the entire region, including the situation in Lebanon, lies in Israels hegemonic expansion. He called on the international community to adopt a responsible attitude to prevent the conflict from escalating further.

GBP/JPY fluctuates below 158.00 before to UK economic data release

Alina Haynes

Jan 13, 2023 14:59

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During the Asian session, the GBP/JPY pair is behaving erratically below the key resistance level around 158.00. As investors anticipate the release of United Kingdom economic data for extra impetus, the cross displays a neutral appearance.

 

Following an announcement by the Bank of Japan (BoJ) that the central bank will evaluate the effects of a decade-long loose monetary policy stance on economic growth and inflation, GBP/JPY fell on Thursday.

 

After the central bank widened the range of 10-year Japan Government Bonds, concern of a shift in the BoJ's stance on the price index has increased (JGSs). In a policy statement, the BOJ explained that the purpose of the step was to "improve market functioning and promote a smoother evolution of the entire yield curve while maintaining accommodative financial conditions."

 

In the interim, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), conveyed via Reuters early Friday morning in Asia that the BOJ should adopt a dovish position. The labor unions' demands for wage increases have not produced a meaningful shift. In other words, there is no driver of inflation.

 

Inflation, which continues relatively close to the bank's target of 2%, did not require a change to the central bank's debt yield curve management regime.

 

Investors are monitoring the publishing of economic figures in the United Kingdom. The consensus forecast for Industrial and Manufacturing Production (Nov) is a yearly decrease of between 3.0% and 4.8%. The United Kingdom's industrial activity has fallen steadily during the past four months. If a spate of deceleration diminishes inflationary expectations, the Bank of England's (BOE) officials will face fewer obstacles.


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