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March 1st - At approximately 8:00 AM local time today (March 1st), the Iranian Islamic Revolutionary Guard Corps issued its sixth statement. The statement indicated that the sixth wave of Operation "True Commitment 4" had commenced, with the Iranian Islamic Revolutionary Guard Corps launching large-scale missile and drone attacks against Israeli and US military bases in the region. The statement claimed that 27 US bases in the region, as well as the Israeli militarys headquarters in Hakiria and a large defense industrial park in Tel Aviv, were among the targets of the attacks.Royal Bank of Canada analyst Helima Croft: (Regarding the US-Iran conflict) The impact of todays military action on oil prices will depend on whether the Iranian Revolutionary Guard will yield to air strikes.March 1 (Xinhua) -- The Israel Defense Forces (IDF) have completed a new round of airstrikes against Iranian ballistic missile launchers and air defense systems. The IDF stated that on the night of March 28, dozens of fighter jets struck approximately 30 targets, including air defense systems, missile launchers, and other military installations.The Israel Defense Forces (IDF) recently detected a missile launched from Iran heading towards Israeli territory. Defense systems are operational to intercept the threat. In the past few minutes, the domestic frontline command has sent precautionary instructions to mobile phones in the affected areas. Upon receiving the alert, the public was instructed to move into protected areas and remain there until further notice.Iran launched a new wave of missiles at Israel.

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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