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On May 24th, a White House official in charge of the 2026 FIFA World Cup said on the 22nd that, due to the Ebola outbreak, the Democratic Republic of Congo (DRC) national team must undergo a 21-day quarantine outside the United States before entering the country to participate in the tournament. The DRC team responded that day, stating that they would not change their existing World Cup warm-up match plans.The European-Mediterranean Seismological Centre reports a 5.2-magnitude earthquake in central Türkiye.Polish military: Polish military aviation is conducting operations in its own airspace in response to Russian long-range aviation strikes against Ukraine.According to Irans Fars News Agency: Despite US President Trumps claim that the Strait of Hormuz will be restored to its original state, the strait will remain under Iranian control.On May 24th, Al Jazeera, citing sources, reported that the draft agreement to be finalized includes the following: ending the war on all fronts, including Lebanon; unfreezing billions of dollars of frozen Iranian funds; lifting the US naval blockade and opening the Strait of Hormuz; and the withdrawal of US troops from areas near Iran. Following this, the two sides will have 30 days to reach an agreement on the nuclear issue, a period that can be extended by mutual agreement. During these 30 days, passage through the strait will be facilitated. Iran stated that the management of the Strait of Hormuz is a matter between Iran and Oman, and that it is currently consulting with Oman.

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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