EUR/USD 1.08404
-0.059%
Gold 2901.36
-0.281%
Oil 67.029
0.356%
USD/JPY 147.006
-0.638%
GBP/USD 1.29109
-0.103%
GBP/JPY 189.801
-0.740%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
German Green Party official Droege: If the CDU and SPD want our support, they must show that the investment will be used for climate and national development.German Green Party official Droege: It is recommended that Green Party members not vote in favor of the bill to (increase) spending.On March 10, ECB board member Kazimir said that in the face of persistent inflation risks, the ECB needs to keep an open mind on its next move. Kazimir said, "In the coming weeks, we must carefully evaluate all the upcoming data and supplement what we have learned with prudent judgment." He also said that this flexibility means "keeping all options, whether we decide to cut interest rates again or pause them." Kazimir said in a column, "Although the inflation trend is encouraging, I am still looking for undeniable evidence that the decline in inflation will continue." He said that now is "not the time to make automatic decisions or act hastily."March 10, according to European media reports, about 80% of the EUs military equipment is currently purchased from non-EU suppliers, especially from American companies, and this proportion has caused concern in the EU. European Commission President Ursula von der Leyen said on the 9th that if 80% of the 800 billion euros of funds for the "Re-Armament Europe" plan flow outside the EU, it will be detrimental to the EU. Von der Leyen said that the EU needs to gradually increase "buying European products", and the UK and Norway are possible supply options for this plan. Von der Leyen also said that the EU must think about how to achieve this goal, and it is very important to keep research and development work and good jobs in Europe.On March 10, the Stockholm International Peace Research Institute released a report showing that in the past five years, the United States has exported weapons to more than 100 countries and regions and is the largest arms supplier to Ukraine. Ukraine has become the worlds largest arms importer, with imports increasing nearly 100 times from 2015 to 2019, of which 45% came from the United States.

On dovish BOJ bets, AUD/JPY seeks to retake a seven-year high above 97.00

Daniel Rogers

Jul 20, 2022 12:02

 截屏2022-07-20 上午10.02.11.png

 

The AUD/JPY currency pair is on course to retake its seven-year high of 96.90 after extending its five-day winning run. Due to the increasing potential of a wider policy divergence between the Reserve Bank of Australia (RBA) and the Bank of Japan, market participants have raised the risk barometer (BOJ).

 

Following the publication of the RBA's July monetary policy minutes, the Australian dollar is performing well against the Japanese yen. RBA officials offer harsh guidance in light of the intensifying price pressures in the Australian economy. While establishing price stability as soon as feasible is the RBA's goal.

 

RBA Governor Philip Lowe is now presenting at "The Australian Strategic Business Forum - Melbourne" on the topics of inflation, productivity, and the future of money. The comments RBA made According to Lowe, investors could expect higher inflation in June. The RBA will require more rate increases over the coming months in an effort to reduce pricing pressure.

 

This week, the Australian S&P PMI data will be the most important. The Manufacturing PMI may rise to 56.4 from its previous reading of 56.2. The Services PMI has increased from its previous reading of 52.6 to a current value of 55.

 

The headline-grabbing event on the Tokyo front will be the BOJ's announcement of its interest rate decision on Thursday. Given that the Bank of Japan is committed to increasing aggregate demand, Governor Haruhiko Kuroda is expected to make dovish comments. The central bank's goal is to keep inflation over 2%, and in order to do this, the wage price index must rise. This is because a higher inflation rate and lower pay levels might magnify the real income shock.

Suggestion