EUR/USD 1.14687
0.051%
Gold 4058.57
-0.043%
Oil 79.650
-0.092%
USD/JPY 162.059
-0.078%
GBP/USD 1.35403
0.015%
GBP/JPY 219.437
-0.054%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
A Reuters poll shows that more than half of Japanese companies believe the weak yen is bad for their profits.A Reuters poll shows that nearly one-third of Japanese companies say the Bank of Japan’s interest rate hikes to date have hurt capital investment.July 16 - Ukrainian President Volodymyr Zelenskyy stated that Ukraine is working to obtain a production license for the Patriot air defense systems interceptor missiles and expects to acquire the technical capability to produce them by the end of this year. During the NATO summit last week, US President Donald Trump, in a meeting with Zelenskyy, indicated that the US would grant Ukraine a license to produce Patriot air defense system interceptor missiles.1. The three major U.S. stock indexes closed slightly higher. The Dow Jones Industrial Average rose 0.29% to 52,658.64 points, the S&P 500 rose 0.38% to 7,572.4 points, and the Nasdaq Composite rose 0.62% to 26,269.23 points. Apple rose more than 4%, and Google rose more than 3%, leading the Dow. The Wind U.S. Tech Big Seven Index rose 2.47%, with Facebook and Amazon rising more than 3%. SpaceX fell 0.6%. The Nasdaq China Golden Dragon Index rose 2.92%, with Miniso rising more than 9% and Full Truck Alliance rising more than 6%. 2. The three major European stock indexes closed mixed. The German DAX fell 0.59% to 24,999.53 points; the French CAC40 rose 0.19% to 8,382.43 points; and the UK FTSE 100 fell 0.13% to 10,515.92 points. 3. The WTI crude oil futures contract closed up 1.13% at $80.24 per barrel; the Brent crude oil futures contract rose 0.39% to $85.06 per barrel. 4. International precious metals futures generally closed lower, with COMEX gold futures down 0.07% to $4066.90 per ounce and COMEX silver futures down 1.70% to $58.10 per ounce.On July 16, the U.S. House of Representatives rejected an amendment by a vote of 314 to 104 that would have blocked approximately $3.3 billion in military aid to Israel. The proposal received support from 103 of the 212 Democratic members of the House, reflecting ongoing divisions within the party. Only one Republican (Thomas Massey, the Kentucky representative who introduced the amendment) voted in favor.

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