EUR/USD 1.13847
-0.016%
Gold 4056.08
-0.379%
Oil 69.766
0.548%
USD/JPY 161.788
0.023%
GBP/USD 1.31942
-0.029%
GBP/JPY 213.481
0.000%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 29th - Given the Reserve Bank of Australias recent warning that official interest rates could rise further, issues concerning the Middle East conflict and oil prices remain crucial. Matthew Hassan, Head of Macro Forecasting for Australia at Westpac, expects the normalization of oil and gas supplies to be a "slow and tortuous process." He noted that concerns about persistently high domestic inflation will force the RBA to raise interest rates further in August. Hassan added that this decision will be difficult for the committee given the already weak economic growth.Invesco survey: 61% of central banks believe that the level of US debt has a negative impact on the long-term status of the dollar as a reserve asset.June 29 - On June 28 local time, Venezuelan Acting President Rodriguez stated that power services in La Guaira state, the hardest-hit area by the earthquake, have been restored to 75%, water supply to 68%, and road traffic to approximately 90%, with road and vehicle traffic essentially back to normal.Ruwei Technology announced on the Hong Kong Stock Exchange that it plans to issue 28.08 million H shares in its Hong Kong listing at a price of HK$21.66 per share, with trading expected to commence on July 8.June 29 - According to Kintetsu Railway Company, a train derailed at Kyoto Station at approximately 5:13 AM local time on June 29. Railway authorities are currently inspecting the line, and service on both directions of the Kintetsu Kyoto Line between Kyoto Station and Kamitoribaguchi Station is suspended. No injuries have been reported so far.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

 AUD:JPY.png

 

In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.

Suggestion