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Hong Kong-listed robotics stocks rallied in the afternoon, with Horizon Robotics (09660.HK) surging over 15%, Hesai-W (02525.HK) rising over 5%, and MicroPort Robotics (02252.HK) and RoboSense (02498.HK) following suit.Bank of England Chief Economist Peel: Monetary policy has not been tight enough in the past few years.June 29th news: From June 22nd to June 28th, the national logistics operation data is as follows: National railway freight transported 80.026 million tons, a decrease of 0.89% compared to the previous period; 54.793 million trucks passed through national expressways, an increase of 8.91% compared to the previous period; monitored ports completed a cargo throughput of 270.279 million tons, an increase of 3.09% compared to the previous period, and a container throughput of 7.215 million TEUs, an increase of 5.27% compared to the previous period; civil aviation handled 122,000 flights (including 5,118 cargo flights, of which 3,378 were international cargo flights and 1,740 were domestic cargo flights), an increase of 4.90% compared to the previous period; postal and express delivery collection volume was approximately 3.892 billion pieces, a decrease of 4.70% compared to the previous period; delivery volume was approximately 3.909 billion pieces, a decrease of 4.98% compared to the previous period.June 29th - Thomas Mathews, Head of Asia Pacific Markets at Capital Economics, stated in a report that the rally in US Treasuries that previously drove yields lower is expected to lose momentum, while German bonds may rise further. He said that US Treasuries face some key tests this week. He pointed out that one of the key reasons for the Federal Reserves rate cuts is to protect the health of the labor market. "But labor market momentum has strengthened recently, and we expect the US June jobs report, to be released later this week, to be strong again," Mathews said. It is becoming increasingly clear that labor market conditions will not be a reason to postpone tightening policy. "This may be the biggest risk facing US Treasuries in the near term, but it is not the only risk."On June 29th, Baidu officially released and open-sourced its end-to-end OCR model, Unlimited OCR. The model topped the GitHub Daily Trending and Python charts the day after its release, and also ranked first on HuggingFaces global overall model trending chart and multimodal model trending chart. Unlimited OCR is designed for long document parsing scenarios, with a total parameter size of 3B and only about 570M activation parameters during inference. Public evaluation results show that Unlimited OCR achieved a 93.92% overall score in the OmniDocBench v1.6 benchmark test, setting a new record for end-to-end OCR.

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.