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Market news: Leaders of Italy, Britain, France, and Germany have stated that the Israeli governments policies and practices, including its further consolidation of control in the West Bank, are undermining stability and the prospects for a two-state solution. The E1 settlement development will divide the West Bank in two, a serious violation of international law.According to Shana, the official website of the Iranian Ministry of Oil, Iran is calling on the public to "optimize" their fuel consumption habits.The main contract for low-sulfur fuel oil (LU) fell by more than 2.00% during the day, and is currently trading at 4971.00 yuan/ton.White House National Economic Council Director Hassett: Central banks around the world must pay close attention to oil shocks. An oil shock carries the risk of transmission to core inflation.Futures News, May 22nd: Overall, although gasoline and diesel prices in East China and the Yangtze River Delta region were relatively less affected by supply and demand in January-March, with the surge at the end of the first quarter mainly driven by sudden geopolitical events, under normal circumstances, they are still largely driven by supply and demand. Additionally, the influence of major oil companies strategic adjustments and inter-regional arbitrage are also major factors affecting prices and even resource flows. However, in April, with the slight easing of the situation in the Middle East and the reduction of domestic supply pressure, the market returned to being dominated by supply and demand. In summary, except for a few special events, supply and demand remain one of the main reference indicators for prices. For swap operations, changes in supply and demand fundamentals, as well as the impact of unexpected factors, present opportunities to speculate on price reversion.

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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