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August 11 - The Reserve Bank of Australia (RBA) kept its benchmark interest rate unchanged at 4.35%, marking the second consecutive meeting without taking action, in line with market expectations.China Everbright Water (01857.HK): Revenue for the first half of the year was HK$2.39 billion, a decrease of 27% compared to the same period last year. Profit attributable to equity holders of the company was HK$517 million, a decrease of 8% compared to the same period last year.On August 11th, it was reported that Douyins lifestyle services platform, "Doubao," began implementing a separate fee rate for hotel bookings through this specific channel: a software service fee of 11.4% plus a 0.6% payment processing fee, resulting in a total fee rate of 12%. This sparked online discussions and debates regarding whether Doubao charges for hotel recommendations and whether this fee constitutes advertising. In response, Liu Xing, Doubaos public relations manager, stated that Doubaos lifestyle services currently do not involve paid promotion, and Doubao does not charge advertising fees for hotel recommendations. Merchants cannot influence recommendations or rankings through payment; they only pay a channel service fee after an order is completed.The Reserve Bank of Australia will release its interest rate decision and monetary policy statement in ten minutes.The National Bank of Kazakhstan reported that net gold and foreign exchange reserves in July totaled $61.724 billion (a 3.2% increase month-on-month).

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

Alina Haynes

Jan 18, 2023 15:03

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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.

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