EUR/USD 1.13774
-0.441%
Gold 4114.69
-1.828%
Oil 73.173
-0.986%
USD/JPY 161.566
-0.006%
GBP/USD 1.31869
-0.465%
GBP/JPY 213.060
-0.463%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 24th - As of 2:30 PM closing, the Shanghai Gold futures contract fell 0.82% to 902 yuan/gram, the Shanghai Silver futures contract fell 4.36% to 14,868 yuan/kilogram, and the SC Crude Oil futures contract fell 1.52% to 492 yuan/barrel.June 24th - The dollar hit its highest level since November on Tuesday as traders solidified their view that the Federal Reserve would raise interest rates this year. The Feds policy outlook contrasts with that of other central banks globally. Traders now expect nearly two 25-basis-point rate hikes in the US by early 2027. "The dollar has room to rise; it tends to strengthen before a Fed rate hike; the market is currently speculating that the rate hike cycle may begin in September," said Jordan Rochester, a strategist at Mizuho International. Meanwhile, the euro fell to its lowest point in a year after comments from European Central Bank President Christine Lagarde prompted traders to reduce their bets on rate hikes in the region. The yen continued to be pressured as markets perceived the Bank of Japans rate hikes as insufficient to curb the yens decline, keeping traders wary of potential foreign exchange intervention.Traders said the Argentine interbank peso closed down 0.61% at 1,471.5 pesos to the dollar, its lowest level in eight months.According to the Financial Times, SpaceXs (SPCX.O) $25 billion bond issuance attracted nearly $90 billion in subscription orders around noon local time.A Reuters/Ipsos poll shows that only 23% of Americans believe the postwar relationship between the United States and Iran is stronger, while 35% believe it is more fragile.

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