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On August 20th, Yu Chengdong, Huaweis Executive Director, Chairman of the Product Investment Review Committee, and Chairman of the Terminal BG, officially launched the rugged SUV Xiangjie G9 at the HarmonyOS Intelligent Mobility New Product Launch Conference. It debuts Huaweis all-terrain TuLing platform and features an 800V fully active disconnectable stabilizer bar. This vehicle is also the first model to be approved for L3 autonomous driving road test licenses with a maximum speed of 120 km/h in the industry.Ukraine Railways: Since August, the volume of grain transported from Ukraine for export has decreased by 68% month-on-month to 342,000 tons.According to TASS, an industrial complex in Nizhny Kamsk, Russia, experienced operational disruptions after being attacked by drones.On August 20, Foreign Ministry Spokesperson Lin Jian held a regular press conference. An AFP reporter asked about US President Trumps statement on August 19 that he would meet with North Korean leader Kim Jong Un later this year. According to the Wall Street Journal, Trump is considering holding the meeting at the APEC summit in Shenzhen in November. The reporter asked, "As a country with close relations with all relevant parties, what is Chinas comment on the US statement?" Lin Jian responded, "Regarding the matter of US-North Korea contact you mentioned, I do not have specific information and will not comment on it."August 20th - It was reported that US President Trump announced "devastating economic action" against Iran on August 19th. Foreign Ministry spokesperson Lin Jian stated at a regular press conference on the 20th that sanctions and pressure will not help resolve the issue. China calls on all relevant parties to take responsible measures and resolve the issue through political and diplomatic means.

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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