EUR/USD 1.15781
-0.235%
Gold 5103.06
-0.975%
Oil 90.357
2.052%
USD/JPY 158.320
0.265%
GBP/USD 1.33893
-0.011%
GBP/JPY 211.982
0.253%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Energy consultants say U.S. drivers could see gas prices rise to $4 a gallon this weekend.British Defense Secretary Healy: We have eight fighter jets in Qatar.On March 10, Russian President Vladimir Putin urged the countrys oil and gas producers to take advantage of soaring commodity prices to reduce debt, as the price surge is only temporary. Speaking at a meeting with government officials and energy company executives, Putin stated that oil production relying on the Strait of Hormuz, which is "effectively closed" due to the Middle East conflict, "could potentially come to a complete halt within a month." He added that restoring liquefied natural gas (LNG) production in the region would take "weeks or even a month," and that "it is impossible to quickly make up for lost production." Putin stated that Russia "must understand that the current high commodity prices are certainly only temporary" and should act accordingly. "The change in the supply and demand balance of hydrocarbons will inevitably bring about a new price stabilization. This is inevitable, therefore, Russian energy companies must seize the current opportunity, including using additional export revenue to reduce their debt burden on Russian banks."Market news: Iran loaded 2 million barrels of crude oil from the Jask export terminal, marking the first time crude oil shipments have bypassed the Strait of Hormuz since the escalation of the US-Iran conflict.On March 10, Ukrainian President Volodymyr Zelenskyy posted on his official social media platform that the priorities and full attention of Ukraines partner countries are currently focused on the situation in the Middle East, therefore the meeting originally scheduled for this week at the suggestion of the United States has been postponed. Zelenskyy stated that he held a meeting with the Ukrainian negotiating team that day and instructed them to communicate with the US negotiating representatives: firstly, to reaffirm Ukraines willingness to engage in strategic cooperation on security issues, particularly in the defense of drones; and secondly, to reaffirm Ukraines willingness to undertake substantive work to end the Russia-Ukraine conflict.

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