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July 1st - The 62-day national railway summer transport season begins today and will end on August 31st. During this period, the national railway is expected to transport 1.01 billion passengers, averaging 16.29 million passengers per day. With the start of the summer travel season, train schedules have also changed. Starting at midnight on July 1st, the national railway will implement its third-quarter train schedule, with 12,174 scheduled passenger trains, an increase of 106 trains compared to the previous schedule.Internal power struggles in Iran are threatening US-Iran peace talks, and international crude oil prices continue to fluctuate. A chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.Spot gold and silver prices surged initially before trending lower. Can spot gold hold above the $4,000 mark? A chart provides a quick overview of pre-market prices for precious metals, both domestically and internationally.July 1 – On June 30, local time, the 80th UN General Assembly adopted a resolution on UN financial issues, deciding to adjust a 75-year-old financial rule. Under the new rule, during a four-year trial period, the UN will only return or credit unused funds to member states if the relevant funds are actually received and supported by cash. The resolution will take effect on July 1, 2026. For a long time, the UN has faced a unique financial predicament: under the original rule, even if some member states failed to pay their assessed contributions on time and in full, the UN might still be required to return or credit these funds to member states. This meant that the UN sometimes had to return funds that it had not actually received. The UN believes that this rule weakens the organizations financial stability and exacerbates liquidity pressures on its regular budget and peacekeeping budget.Japans final manufacturing PMI for June was 54.8, compared to 54.9 in the previous month.

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.

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